California Commercial Code

§ 8102

COM § 8102 Effective Jan 1, 2024Div. 8 · Ch. 1

Statute text

(a)In this division:

(1)“Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset.

(2)“Bearer form,” as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an indorsement.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 19. (SB 95) Effective January 1, 2024.