Texas Business & Commerce Code
§ 8.102 — DEFINITIONS
BC § 8.102Title 1. UNIFORM COMMERCIAL CODE · Ch. 8. INVESTMENT SECURITIES · Art. A. SHORT TITLE AND GENERAL MATTERS
Statute text
View on source(a)In this chapter:
(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.
(3)"Broker" means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity.
(4)"Certificated security" means a security that is represented by a certificate.
(5)"Clearing corporation" means:
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Legislative history
Amended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995; Acts 2003, 78th Leg., ch. 542, Sec. 18, eff. Sept. 1, 2003.