New Jersey § 12a:8-109
Full text of New Jersey New Jersey Statutes § 12a:8-109, with citation guidance and answers to common questions.
§ 12a:8-109.
a. A person who originates an entitlement order to a securities intermediary warrants
to the securities intermediary that: (1) 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 (2) 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 subsection a. or
b. of 12A:8-108. 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 subsection a. or b. of 12A:8-108.
Frequently Asked Questions About New Jersey § 12a:8-109
What does New Jersey Statutes § 12a:8-109 cover?
Section 12a:8-109 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:8-109?
A common citation format is "New Jersey Statutes § 12a:8-109" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:8-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.