Wisconsin § 408.102 - Definitions.

§ 408.102. Definitions.

408.102(1) (1) In this chapter: 408.102(1)(a) (a) “Adverse claim” means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer or deal with the financial asset. 408.102(1)(b) (b) “Bearer form”, as applied to a certificated security, means a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an endorsement. 408.102(1)(c) (c) “Broker” means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity. 408.102(1)(d) (d) “Certificated security” means a security that is represented by a certificate. 408.102(1)(e) (e) “Clearing corporation” means: 408.102(1)(e)1. 1. A person that is registered as a “clearing agency” under the federal securities laws; 408.102(1)(e)2. 2. A federal reserve bank; or 408.102(1)(e)3. 3. Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority. 408.102(1)(f) (f) “Communicate” means to: 408.102(1)(f)1. 1. Send a signed writing; or 408.102(1)(f)2. 2. Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information. 408.102(1)(fm) (fm) “Endorsement” means a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring or redeeming the security or granting a power to assign, transfer or redeem it. 408.102(1)(g) (g) “Entitlement holder” means a person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of s. 408.501 (2) (b) or (c) , that person is the entitlement holder. 408.102(1)(h) (h) “Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement. 408.102(1)(i) (i) 408.102(1)(i)1. 1. “Financial asset”, except as otherwise provided in s.