Wyoming § 34.1-8-109 Warranties in indirect holding

Wyoming Statutes

§ 34.1-8-109 — Warranties in indirect holding

Wyoming § 34.1-8-109

Title 34.1Uniform Commercial Code

Art. 8INVESTMENT SECURITIES

This text of Wyoming § 34.1-8-109 (Warranties in indirect holding) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-8-109 (2026).

Text

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

(i)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

(ii)There is no adverse claim to the security entitlement.

(b)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 W.S. 34.1-8-108(a) or (b).

(c)If a securities intermediary delivers a security certificate to its entit

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(a) A person who originates an entitlement order to a
securities intermediary warrants to the securities intermediary
that:
(i) 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
(ii) There is no adverse claim to the security
entitlement.
(b) 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 W.S. 34.1-8-108(a) or (b).
(c) 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 W.S. 34.1-8-108(a) or (b).