§ 34.1-8-109 — Warranties in indirect holding

(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).