400.8-301. (a) Delivery of a certificated security to a purchaseroccurs when:
(1) The purchaser acquires possession of the security certificate;
(2) Another person, other than a securities intermediary, eitheracquires possession of the security certificate on behalf of the purchaseror, having previously acquired possession of the certificate, acknowledgesthat it holds for the purchaser; or
(3) A securities intermediary acting on behalf of the purchaseracquires possession of the security certificate, only if the certificate isin registered form and is (i) registered in the name of the purchaser; (ii)payable to the order of the purchaser; or (iii) specially indorsed to thepurchaser by an effective indorsement and has not been indorsed to thesecurities intermediary or in blank.
(b) Delivery of an uncertificated security to a purchaser occurswhen:
(1) The issuer registers the purchaser as the registered owner, uponoriginal issue or registration of transfer; or
(2) Another person, other than a securities intermediary, eitherbecomes the registered owner of the uncertificated security on behalf ofthe purchaser or, having previously become the registered owner,acknowledges that it holds for the purchaser.
400.8-301. (a) Delivery of a certificated security to a purchaseroccurs when:
(1) The purchaser acquires possession of the security certificate;
(2) Another person, other than a securities intermediary, eitheracquires possession of the security certificate on behalf of the purchaseror, having previously acquired possession of the certificate, acknowledgesthat it holds for the purchaser; or
(3) A securities intermediary acting on behalf of the purchaseracquires possession of the security certificate, only if the certificate isin registered form and is (i) registered in the name of the purchaser; (ii)payable to the order of the purchaser; or (iii) specially indorsed to thepurchaser by an effective indorsement and has not been indorsed to thesecurities intermediary or in blank.
(b) Delivery of an uncertificated security to a purchaser occurswhen:
(1) The issuer registers the purchaser as the registered owner, uponoriginal issue or registration of transfer; or
(2) Another person, other than a securities intermediary, eitherbecomes the registered owner of the uncertificated security on behalf ofthe purchaser or, having previously become the registered owner,acknowledges that it holds for the purchaser.
400.8-301. (a) Delivery of a certificated security to a purchaseroccurs when:
(1) The purchaser acquires possession of the security certificate;
(2) Another person, other than a securities intermediary, eitheracquires possession of the security certificate on behalf of the purchaseror, having previously acquired possession of the certificate, acknowledgesthat it holds for the purchaser; or
(3) A securities intermediary acting on behalf of the purchaseracquires possession of the security certificate, only if the certificate isin registered form and is (i) registered in the name of the purchaser; (ii)payable to the order of the purchaser; or (iii) specially indorsed to thepurchaser by an effective indorsement and has not been indorsed to thesecurities intermediary or in blank.
(b) Delivery of an uncertificated security to a purchaser occurswhen:
(1) The issuer registers the purchaser as the registered owner, uponoriginal issue or registration of transfer; or
(2) Another person, other than a securities intermediary, eitherbecomes the registered owner of the uncertificated security on behalf ofthe purchaser or, having previously become the registered owner,acknowledges that it holds for the purchaser.
