Section 408.301 - Delivery(1) Delivery of a certificated security to a purchaser occurs when:(a) The purchaser acquires possession of the security certificate;(b) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or(c) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is: 1. Registered in the name of the purchaser;2. Payable to the order of the purchaser; or3. Specially endorsed to the purchaser by an effective endorsement and has not been endorsed to the securities intermediary or in blank.(2) Delivery of an uncertificated security to a purchaser occurs when:(a) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or(b) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.