Michigan § 440.8109 - Warranty to securities intermediary.
Full text of Michigan Michigan Compiled Laws § 440.8109 — Warranty to securities intermediary., with citation guidance and answers to common questions.
§ 440.8109. Warranty to securities intermediary.
A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary both of the following:
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.
There is no adverse claim to the security entitlement.
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 section 8108(1) or (2).
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 section 8108(1) or (2).
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.8109
What does Michigan Compiled Laws § 440.8109 cover?
Section 440.8109 ("Warranty to securities intermediary.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.8109?
A common citation format is "Michigan Compiled Laws § 440.8109" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.8109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.