Vermont § 304 - § 8—304.
Full text of Vermont Vermont Statutes Online § 304 — § 8—304., with citation guidance and answers to common questions.
§ 304. § 8—304.
- Indorsement (a) An indorsement may be in blank or special. An indorsement in blank includes an indorsement
to bearer. A special indorsement specifies to whom a security is to be transferred
or who has power to transfer it. A holder may convert a blank indorsement to a special
indorsement. (b) An indorsement purporting to be only of part of a security certificate representing
units intended by the issuer to be separately transferable is effective to the extent
of the indorsement. (c) An indorsement, whether special or in blank, does not constitute a transfer until
delivery of the certificate on which it appears or, if the indorsement is on a separate
document, until delivery of both the document and the certificate. (d) If a security certificate in registered form has been delivered to a purchaser without
a necessary indorsement, the purchaser may become a protected purchaser only when
the indorsement is supplied. However, against a transferor, a transfer is complete
upon delivery and the purchaser has a specifically enforceable right to have any necessary
indorsement supplied. (e) An indorsement of a security certificate in bearer form may give notice of an adverse
claim to the certificate, but it does not otherwise affect a right to registration
that the holder possesses. (f) Unless otherwise agreed, a person making an indorsement assumes only the obligations
provided in section 8—108 of this title and not an obligation that the security will be honored by the issuer. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Frequently Asked Questions About Vermont § 304
What does Vermont Statutes Online § 304 cover?
Section 304 ("§ 8—304.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 304?
A common citation format is "Vermont Statutes Online § 304" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 304 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.