A person acting as authenticating trustee, transfer agent, registrar or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions. CHAPTER 85 SECURITY ENTITLEMENTS Sec. 8501. Securities account; acquisition of security entitlement from securities intermediary. 8502. Assertion of adverse claim against entitlement holder. 8503. Property interest of entitlement holder in financial asset held by securities intermediary. 8504. Duty of securities intermediary to maintain financial asset. 8505. Duty of securities intermediary with respect to payments and distributions. 8506. Duty of securities intermediary to exercise rights as directed by entitlement holder. 8507. Duty of securities intermediary to comply with entitlement order. 8508. Duty of securities intermediary to change entitlement holder's position to other form of security holding. 8509. 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. 8510. Rights of purchaser of security entitlement from entitlement holder. 8511. Priority among security interests and entitlement holders.
‹ Prev All Pennsylvania sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.