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From course:

Secured Transactions

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Question:

Control for investment

Author: Parker Kirkpatrick



Answer:

O for securities intermediary it is automatic o a purchaser has control of a certificated security in bearer form, if it is delivered to the purchaser o if in registered form, if the certificated security is delivered is indorsed to the purchaser or in blank or registered in the name of the purchaser o For others, authenticated agreement that the securities intermediary will honor instructions from the secured party concerning a securities account, or securities entitlements, or delivered to the purchaser


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