PART I. SHORT TITLE AND GENERAL MATTERS

SECTION 678.1011. Short title.

SECTION 678.1021. Definitions.

SECTION 678.1031. Rules for determining whether certain obligations and interests are securities or financial assets.

SECTION 678.1041. Acquisition of security or financial asset or interest therein.

SECTION 678.1051. Notice of adverse claim.

SECTION 678.1061. Control.

SECTION 678.1071. Whether indorsement, instruction, or entitlement order is effective.

SECTION 678.1081. Warranties in direct holding.

SECTION 678.1091. Warranties in indirect holding.

SECTION 678.1101. Applicability; choice of law.

SECTION 678.1111. Clearing corporation rules.

SECTION 678.1121. Creditor’s legal process.

SECTION 678.1131. Statute of frauds inapplicable.

SECTION 678.1141. Evidentiary rules concerning certificated securities.

SECTION 678.1151. Securities intermediary and others not liable to adverse claimant.

SECTION 678.1161. Securities intermediary as purchaser for value.

SECTION 678.1171. Application of ch. 98-11.

PART II. ISSUE AND ISSUER

SECTION 678.2011. Issuer.

SECTION 678.2021. Issuer’s responsibility and defenses; notice of defect or defense.

SECTION 678.2031. Staleness as notice of defect or defense.

SECTION 678.2041. Effect of issuer’s restriction on transfer.

SECTION 678.2051. Effect of unauthorized signature on security certificate.

SECTION 678.2061. Completion or alteration of security certificate.

SECTION 678.2071. Rights and duties of issuer with respect to registered owners.

SECTION 678.2081. Effect of signature of authenticating trustee, registrar, or transfer agent.

SECTION 678.2091. Issuer’s lien.

SECTION 678.2101. Overissue.

PART III. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

SECTION 678.3011. Delivery.

SECTION 678.3021. Rights of purchaser.

SECTION 678.3031. Protected purchaser.

SECTION 678.3041. Indorsement.

SECTION 678.3051. Instruction.

SECTION 678.3061. Effect of guaranteeing signature, indorsement, or instruction.

SECTION 678.3071. Purchaser’s right to requisites for registration of transfer.

PART IV. REGISTRATION

SECTION 678.4011. Duty of issuer to register transfer.

SECTION 678.4021. Assurance that indorsement or instruction is effective.

SECTION 678.4031. Demand that issuer not register transfer.

SECTION 678.4041. Wrongful registration.

SECTION 678.4051. Replacement of lost, destroyed, or wrongfully taken security certificate.

SECTION 678.4061. Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.

SECTION 678.4071. Authenticating trustee, transfer agent, and registrar.

PART V. SECURITY ENTITLEMENTS

SECTION 678.5011. Securities account; acquisition of security entitlement from securities intermediary.

SECTION 678.5021. Assertion of adverse claim against entitlement holder.

SECTION 678.5031. Property interest of entitlement holder in financial asset held by securities intermediary.

SECTION 678.5041. Duty of securities intermediary to maintain financial asset.

SECTION 678.5051. Duty of securities intermediary with respect to payments and distributions.

SECTION 678.5061. Duty of securities intermediary to exercise rights as directed by entitlement holder.

SECTION 678.5071. Duty of securities intermediary to comply with entitlement order.

SECTION 678.5081. Duty of securities intermediary to change entitlement holder’s position to other form of security holding.

SECTION 678.5091. Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.

SECTION 678.5101. Rights of purchaser of security entitlement from entitlement holder.

SECTION 678.5111. Priority among security interests and entitlement holders.