Chapter 62A.8 RCW

INVESTMENT SECURITIES

Sections
PART 1
SHORT TITLE AND GENERAL MATTERS
Short title.
Definitions.
Rules for determining whether certain obligations and interests are securities or financial assets.
Acquisition of security or financial asset or interest therein.
Notice of adverse claim.
Control.
Whether indorsement, instruction, or entitlement is effective.
Warranties in direct holding.
Warranties in indirect holding.
Applicability; choice of law.
Clearing corporation rules.
Creditor's legal process.
Statute of frauds inapplicable.
Evidentiary rules concerning certificated securities.
Securities intermediary and others not liable to adverse claimant.
Securities intermediary as purchaser for value.
PART 2
ISSUE AND ISSUER
Issuer.
Issuer's responsibility and defenses; notice of defect or defense.
Staleness as notice of defect or defense.
Effect of issuer's restrictions on transfer.
Effect of unauthorized signature on security certificate.
Completion or alteration of security certificate.
Rights and duties of issuer with respect to registered owners.
Effect of signature of authenticating trustee, registrar, or transfer agent.
Issuer's lien.
Overissue.
PART 3
TRANSFER OF CERTIFICATED AND
UNCERTIFICATED SECURITIES
Delivery.
Rights of purchaser.
Protected purchaser.
Indorsement.
Instruction.
Effect of guaranteeing signature, indorsement, or instruction.
Purchaser's right to requisites for registration of transfer.
PART 4
REGISTRATION
Duty of issuer to register transfer.
Assurance that indorsement or instruction is effective.
Demand that issuer not register transfer.
Wrongful registration.
Replacement of lost, destroyed, or wrongfully taken security certificate.
Obligation to notify issuer of lost, destroyed, or wrongfully taken security certificate.
Authenticating trustee, transfer agent, and registrar.
PART 5
SECURITY ENTITLEMENTS
Securities account; acquisition of security entitlement from securities intermediary.
Assertion of adverse claim against entitlement holder.
Property interest of entitlement holder in financial asset held by securities intermediary.
Duty of securities intermediary to maintain financial asset.
Duty of securities intermediary with respect to payments and distributions.
Duty of securities intermediary to exercise rights as directed by entitlement holder.
Duty of securities intermediary to comply with entitlement order.
Duty of securities intermediary to change entitlement holder's position to other form of security holding.
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.
Rights of purchaser of security entitlement from entitlement holder.
Priority among security interests and entitlement holders.
PART 6
TRANSITION PROVISIONS FOR REVISED ARTICLE 8 AND
CONFORMING AMENDMENTS TO ARTICLES 1, 5, 9, AND 10
Savings clause.
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