Wisconsin § 408.109 Warranties in indirect holding.

Wisconsin Statutes

§ 408.109 — Warranties in indirect holding.

Wisconsin § 408.109

Ch. 408Uniform commercial code — investment securities

Subch.subch. I of ch. 408 SUBCHAPTER I

GENERAL MATTERS

This text of Wisconsin § 408.109 (Warranties in indirect holding.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.109 (2026).

Text

109
109(1) (1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:
109(1)(a) (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
109(1)(b) (b) There is no adverse claim to the security entitlement.
109(2) (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 s. 408.108 (1) or (2) .
109(3) (3) If a sec

Free access — add to your briefcase to read the full text and ask questions with AI

408.109
408.109(1) (1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that:
408.109(1)(a) (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
408.109(1)(b) (b) There is no adverse claim to the security entitlement.
408.109(2) (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 s. 408.108 (1) or (2) .
408.109(3) (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 s. 408.108 (1) or (2) .