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California Commercial Code

§ 8301

COM § 8301 Effective Jan 1, 2000Div. 8 · Ch. 3
(a)Delivery of a certificated security to a purchaser occurs when any of the following occur:
(1)The purchaser acquires possession of the security certificate.
(2)Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser.

Legislative history

Amended by Stats. 1999, Ch. 991, Sec. 33.3. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.

Source: California Commercial Code § 8301 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.