California Commercial Code

§ 8301

COM § 8301 Effective Jan 1, 2000Div. 8 · Ch. 3

Statute text

(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.