California Commercial Code

§ 8106

COM § 8106 Effective Jan 1, 2024Div. 8 · Ch. 1

Statute text

(a)A purchaser has “control” of a certificated security in bearer form if the certificated security is delivered to the purchaser.

(b)A purchaser has “control” of a certificated security in registered form if the certificated security is delivered to the purchaser, and either of the following applies:

(1)The certificate is endorsed to the purchaser or in blank by an effective endorsement.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 21. (SB 95) Effective January 1, 2024.