554.8301 Delivery. 1. Delivery of a certificated security to a purchaser occurs when:a. the purchaser acquires possession of the security certificate;b. another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession ofthe certificate, acknowledges that it holds for the purchaser; or c. a securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is registered in the nameof the purchaser, payable to the order of the purchaser, or specially indorsed to the purchaserby an effective indorsement and has not been indorsed to the securities intermediary or inblank. 2. Delivery of an uncertificated security to a purchaser occurs when:a. the issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or b. another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously becomethe registered owner, acknowledges that it holds for the rities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously becomethe registered owner, acknowledges that it holds for the purchaser. [S13, §3060-a52, -a57, -a58, -a59; C24, 27, 31, 35, 39, §9512, 9517 – 9519; C46, §541.52, 541.57 – 541.59; C50, 54, 58, 62, §493A.4, 493A.7, 541.52, 541.57 – 541.59; C66, 71, 73, 75, 77,79, 81, §554.8301] 89 Acts, ch 113, §16; 96 Acts, ch 1138, §34, 84; 2000 Acts, ch 1149, §152, 187; 2013 Acts, ch 30, §261 Referred to in §554.8102, 554.8104, 554.9203, 554.9313 Sat Dec 23 01:58:20 2023 Iowa Code 2024, Section 554.8301 (25, 0)
Iowa Legal Code