Florida Statute 678.3011 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES

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678.3011 Delivery.—

(1) Delivery of a certificated security to a purchaser occurs when:

(a) The purchaser acquires possession of the security certificate;

(b) Another person, other than a securities intermediary, either acquires possession of the security certificate on behalf of the purchaser or, having previously acquired possession of the certificate, acknowledges that it holds for the purchaser; or

(c) A securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is registered in the name of the purchaser, payable to the order of the purchaser, or specially indorsed to the purchaser by an effective indorsement and has not been endorsed to the securities intermediary or in blank.

(2) Delivery of an uncertificated security to a purchaser occurs when:

(a) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or

(b) Another person, other than a securities intermediary, either becomes the registered owner of the uncertificated security on behalf of the purchaser or, having previously become the registered owner, acknowledges that it holds for the purchaser.

History.—s. 3, ch. 98-11; s. 22, ch. 2001-198.

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Amendments to 678.3011

Annotations, Discussions, Cases:

Cases Citing Statute 678.3011

Total Results: 2

Seidler v. Wells Fargo Bank, N.A.

179 So. 3d 416, 2015 Fla. App. LEXIS 16918, 2015 WL 7008174

District Court of Appeal of Florida | Filed: Nov 12, 2015 | Docket: 60251755

Cited 2 times | Published

alone. Wachovia’s standing,, as a holder under section 678.3011(1), Florida Statutes, could, thus have been

Taoufiq Seffar v. Residential Credit Solutions, Inc.

160 So. 3d 122, 2015 Fla. App. LEXIS 4270, 2015 WL 1334288

District Court of Appeal of Florida | Filed: Mar 25, 2015 | Docket: 2679429

Published

HSBC was thus left to enforce the note under section 678.3011(2) as a nonholder in possession of the instrument

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