§ 678.3011, Fla. Stat. · Part III. TRANSFER OF CERTIFICATED ANDUNCERTIFICATED SECURITIES
Delivery.
Text — 2026 Florida Statutes
(1) Delivery of a certificated security to a purchaser occurs when:
(a) The purchaser acquires possession of the security certificate;
(b) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or
(c) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is registered in the name of the purchaser, payable to the order of the purchaser, or specially indorsed to the purchaser by an effective indorsement and has not been endorsed to the securities intermediary or in blank.
(2) Delivery of an uncertificated security to a purchaser occurs when:
(a) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or
(b) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.
Notes and commentary — not statutory text
History
s. 3, ch. 98-11; s. 22, ch. 2001-198.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0678/0678.html
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Cited by 4 provisions
Provisions in this library whose text cites § 678.3011, Fla. Stat.. Each shows the citation as that text prints it.
The Florida Statutes
- § 678.1021, Fla. Stat.Definitions.Printed as s. 678.3011
- § 678.1041, Fla. Stat.Acquisition of security or financial asset or interest therein.Printed as s. 678.3011
- § 679.2031, Fla. Stat.Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.Printed as s. 678.3011
- § 679.3131, Fla. Stat.When possession by or delivery to secured party perfects security interest without filing.Printed as s. 678.3011; s. 678.3011(1)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.