Utah § 70A-8-108 Warranties in indirect holding.

Utah Statutes

§ 70A-8-108 — Warranties in indirect holding.

Utah § 70A-8-108

Title 70AUniform Commercial Code

Ch. 70A-8Uniform Commercial Code - Investment Securities

Part 70A-8-1Short Title and General Matters

This text of Utah § 70A-8-108 (Warranties in indirect holding.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-8-108 (2026).

Text

(1)A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:

(1)(a) the entitlement order is made by an appropriate person, or if the entitlement order is by an agent, the agent has actual authority to act on behalf of the appropriate person; and

(1)(b) there is no adverse claim to the security entitlement.

(2)A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in Subsection 70A-8-107(1) or (2).

(3)If a securities intermediary delivers a security certificate t

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(1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:

(1)(a) the entitlement order is made by an appropriate person, or if the entitlement order is by an agent, the agent has actual authority to act on behalf of the appropriate person; and
(1)(b) there is no adverse claim to the security entitlement.
(2) A person who delivers a security certificate to a securities intermediary for credit to a securities account or originates an instruction with respect to an uncertificated security directing that the uncertificated security be credited to a securities account makes to the securities intermediary the warranties specified in Subsection 70A-8-107(1) or (2).
(3) If a securities intermediary delivers a security certificate to its entitlement holder or causes its entitlement holder to be registered as the owner of an uncertificated security, the securities intermediary makes to the entitlement holder the warranties specified in Subsection 70A-8-107(1) or (2).