STATUTES

STATE STATUTES & CODES

MICHIGAN STATUTES AND CODES

174-1962-8-5 - PART 5 SECURITY ENTITLEMENTS (440.8501...440.8511)

Section 440.8501 - “Securities account” defined; acquisition of security entitlement; conditions; directly held financial asset; issuance not as security entitlement.
Section 440.8502 - Action based on adverse claim.
Section 440.8503 - Entitlement holder property interest.
Section 440.8504 - Maintenance of financial asset by securities intermediary; quantity; manner; limitation; duties; applicability to clearing corporation.
Section 440.8505 - Obtaining payment or distribution made by issuer of financial asset; duties and obligations of securities intermediary.
Section 440.8506 - Duty of securities intermediary to exercise rights with respect to financial asset; conditions.
Section 440.8507 - Compliance with entitlement order by securities intermediary; conditions; wrongful transfer of financial asset pursuant to ineffective entitlement order; liability.
Section 440.8508 - Changing security entitlement into another form of holding; transferring financial asset to securities account of entitlement holder; duties of securities intermediary; conditions.
Section 440.8509 - Performance of duties by securities intermediary.
Section 440.8510 - Assertion of action based on adverse claim; prohibition; conditions; priority.
Section 440.8511 - Priority of claims.

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