GENERAL LAWS OF MASSACHUSETTS

CHAPTER 106 — ARTICLE 8. INVESTMENT SECURITIES.

PART 1. SHORT TITLE AND GENERAL MATTERS.

Chapter 106, Section 8--101. Short Title.

Chapter 106, Section 8--102. Definitions.

Chapter 106, Section 8--103. Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets.

Chapter 106, Section 8--104. Acquisition of Security or Financial Asset or Interest Therein.

Chapter 106, Section 8--105. Notice of Adverse Claim.

Chapter 106, Section 8--106. Control.

Chapter 106, Section 8--107. Whether Indorsement, Instruction, or Entitlement Order is Effective.

Chapter 106, Section 8--108. Warranties in Direct Holding.

Chapter 106, Section 8--109. Warranties in Indirect Holding.

Chapter 106, Section 8--110. Applicability; Choice of Law.

Chapter 106, Section 8--111. Clearing Corporation Rules.

Chapter 106, Section 8--112. Creditor's Legal Process.

Chapter 106, Section 8--113. Statute of Frauds Inapplicable.

Chapter 106, Section 8--114. Evidentiary Rules Concerning Certificated Securities.

Chapter 106, Section 8--115. Securities Intermediary and Others Not Liable to Adverse Claimant.

Chapter 106, Section 8--116. Securities Intermediary as Purchaser for Value.

PART 2. ISSUE AND ISSUER.

Chapter 106, Section 8--201. Issuer.

Chapter 106, Section 8--202. Issuer's Responsibility and Defenses; Notice of Defect or Defense.

Chapter 106, Section 8--203. Staleness as Notice of Defect or Defense.

Chapter 106, Section 8--204. Effect of Issuer's Restriction on Transfer.

Chapter 106, Section 8--205. Effect of Unauthorized Signature on Security Certificate.

Chapter 106, Section 8--206. Completion or Alteration of Security Certificate.

Chapter 106, Section 8--207. Rights and Duties of Issuer With Respect to Registered Owners.

Chapter 106, Section 8--208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent.

Chapter 106, Section 8--209. Issuer's Lien.

Chapter 106, Section 8--210. Overissue.

PART 3. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES.

Chapter 106, Section 8--301. Delivery.

Chapter 106, Section 8--302. Rights of Purchaser.

Chapter 106, Section 8--303. Protected Purchaser.

Chapter 106, Section 8--304. Indorsement.

Chapter 106, Section 8--305. Instruction.

Chapter 106, Section 8--306. Effect of Guaranteeing Signature, Indorsement, or Instruction.

Chapter 106, Section 8--307. Purchaser's Right to Requisites for Registration of Transfer.

Chapter 106, Sections 8--308 -- 8--321. Repealed, 1996, 170, Sec. 4.

PART 4. REGISTRATION.

Chapter 106, Section 8--401. Duty of Issuer to Register Transfer.

Chapter 106, Section 8--402. Assurance that Indorsement or Instruction Is Effective.

Chapter 106, Section 8--403. Demand that Issuer Not Register Transfer.

Chapter 106, Section 8--404. Wrongful Registration.

Chapter 106, Section 8--405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate.

Chapter 106, Section 8--406. Objection to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate.

Chapter 106, Section 8--407. Authenticating Trustee, Transfer Agent, and Registrar.

Chapter 106, Section 8--408. Repealed, 1996, 170, Sec. 4.

PART 5. SECURITY ENTITLEMENTS.

Chapter 106, Section 8--501. Securities Account; Acquisition of Security Entitlement from Securities Intermediary.

Chapter 106, Section 8--502. Assertion of Adverse Claim Against Entitlement Holder.

Chapter 106, Section 8--503. Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary.

Chapter 106, Section 8--504. Duty of Securities Intermediary to Maintain Financial Asset.

Chapter 106, Section 8--505. Duty of Securities Intermediary with Respect to Payments and Distributions.

Chapter 106, Section 8--506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder.

Chapter 106, Section 8--507. Duty of Securities Intermediary to Comply with Entitlement Order.

Chapter 106, Section 8--508. Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding.

Chapter 106, Section 8--509. Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder.

Chapter 106, Section 8--510. Rights of Purchaser of Security Entitlement from Entitlement Holder.

Chapter 106, Section 8--511. Priority Among Security Interests and Entitlement Holders.

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