Security Entitlements
This is Part 5 of the Code of Virginia, titled “Security Entitlements.” It is part of Title 8.8A, titled “Commercial Code -- Investment Securities.” It’s comprised of the following 11 sections.
- § 8.8a-501
- Securities account; acquisition of security entitlement from securities intermediary
- § 8.8a-502
- Assertion of adverse claim against entitlement holder
- § 8.8a-503
- Property interest of entitlement holder in financial asset held by securities intermediary
- § 8.8a-504
- Duty of securities intermediary to maintain financial asset
- § 8.8a-505
- Duty of securities intermediary with respect to payments and distributions
- § 8.8a-506
- Duty of securities intermediary to exercise rights as directed by entitlement holder
- § 8.8a-507
- Duty of securities intermediary to comply with entitlement order
- § 8.8a-508
- Duty of securities intermediary to change entitlement holder's position to other form of security holding
- § 8.8a-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
- § 8.8a-510
- Rights of purchaser of security entitlement from entitlement holder
- § 8.8a-511
- Priority among security interests and entitlement holders