336.8-320 [Repealed, 1995 c 194 art 1 s 53]

336.8-321 [Repealed, 1995 c 194 art 1 s 53]

This provision, part of the Minnesota Statutes under the Uniform Commercial Code, governs the duty of an issuer to register the transfer of a certificated security or an instruction for registration of an uncertificated security. The issuer is required to register the transfer if certain conditions are met, including eligibility of the person seeking registration, proper endorsement or instruction, assurance of genuineness and authorization, compliance with tax laws, absence of transfer restrictions imposed by the issuer, absence of effective demand to not register transfer, and rightful transfer or transfer to a protected purchaser.

This legal provision, under the Minnesota Statutes, specifically under the Uniform Commercial Code, governs the assurance required by issuers to ensure that each necessary endorsement of each instruction is genuine and authorized. The issuer may require various assurances, including a guaranty of the signature of the person making an endorsement or originating an instruction, reasonable assurance of identity in the case of an instruction, appropriate assurance of actual authority to sign if the endorsement is made or the instruction is originated by an agent, and appropriate evidence of appointment or incumbency if the endorsement is made or the instruction is originated by a fiduciary.

This legal document, governed by the Minnesota Statutes under the Trade Regulations and Consumer Protection section of the Uniform Commercial Code, addresses the issue of wrongful registration of transfer of securities. According to the document, an issuer is liable for wrongful registration if they register a transfer of a security to a person not entitled to it under certain circumstances. These circumstances include an ineffective endorsement or instruction, non-compliance with a demand to not register transfer, registration after being served with an injunction or restraining order, or collusion with the wrongdoer.

This legal provision, found in the Minnesota Statutes under the Trade Regulations and Consumer Protection section of the Uniform Commercial Code, governs the process for replacing lost, destroyed, or wrongfully taken security certificates. It applies to owners of certificated securities, whether in registered or bearer form. If an owner claims that their certificate has been lost, destroyed, or wrongfully taken, the issuer is required to issue a new certificate under certain conditions.

336.8-406 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-406 OBLIGATION TO NOTIFY ISSUER OF LOST, DESTROYED, OR WRONGFULLY TAKEN SECURITY CERTIFICATE. If a security certificate has been lost, apparently destroyed, or wrongfully taken, and the owner fails to notify the issuer of that fact within a reasonable time after the owner has notice of it and the issuer registers a transfer of the security before receiving notification, the owner may not assert against the issuer a claim for registering the transfer under section 336.

336.8-407 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-407 AUTHENTICATING TRUSTEE, TRANSFER AGENT, AND REGISTRAR. A person acting as authenticating trustee, transfer agent, registrar, or other agent for an issuer in the registration of a transfer of its securities, in the issue of new security certificates or uncertificated securities, or in the cancellation of surrendered security certificates has the same obligation to the holder or owner of a certificated or uncertificated security with regard to the particular functions performed as the issuer has in regard to those functions.

336.8-408 [Repealed, 1995 c 194 art 1 s 53]

This legal document, part of the Minnesota Statutes under the Uniform Commercial Code, governs securities accounts and the acquisition of security entitlement from securities intermediaries. A securities account refers to an account where a financial asset is credited, and the account holder is treated as entitled to exercise the rights associated with the financial asset. A person acquires a security entitlement if a securities intermediary indicates the credit of a financial asset to their securities account, receives a financial asset from the person for credit to their securities account, or becomes obligated to credit a financial asset to the person’s securities account under other laws or regulations.