UTAH CODE (Last Updated: January 16, 2015) |
Title 70A. Uniform Commercial Code |
Chapter 8. Uniform Commercial Code - Investment Securities |
Part 1. Short Title and General Matters |
§ 70A-8-108. Warranties in indirect holding.
Latest version.
-
(2) A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in Subsection 70A-8-107(1) or (2). (3) If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in Subsection 70A-8-107(1) or (2).
Repealed and Re-enacted by Chapter 204, 1996 General Session