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  10. Part 5 - Security Entitlements


Part 5 - Security Entitlements


  • Section 501 - Securities account -- Acquisition of security entitlement from securities intermediary.
  • Section 502 - Assertion of adverse claim against entitlement holder.
  • Section 503 - Property interest of entitlement holder in financial asset held by securities intermediary.
  • Section 504 - Duty of securities intermediary to maintain financial asset.
  • Section 505 - Duty of securities intermediary with respect to payments and distributions.
  • Section 506 - Duty of securities intermediary to exercise rights as directed by entitlement holder.
  • Section 507 - Duty of securities intermediary to comply with entitlement order.
  • Section 508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding.
  • Section 509 - Specification of duties of securities intermediary by other statute or regulation -- Manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.
  • Section 510 - Rights of purchaser of security entitlement from entitlement holder.
  • Section 511 - Priority among security interests and entitlement holders.
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