{"data":{"id":"us-ak/as-45.08.304","jurisdiction":"us-ak","citation":"AS 45.08.304","heading":"Endorsement.","body":"(a) An endorsement may be in blank or special. An endorsement in blank includes an endorsement to bearer. A special endorsement specifies to whom a security is to be transferred or who has power to transfer it. A holder may convert a blank endorsement to a special endorsement.\n(b) An endorsement 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 endorsement.\n(c) An endorsement, whether special or in blank, does not constitute a transfer until delivery of the certificate on which it appears or, if the endorsement is on a separate document, until delivery of both the document and the certificate.\n(d) If a security certificate in registered form has been delivered to a purchaser without a necessary endorsement, the purchaser may become a protected purchaser only when the endorsement is supplied. However, against a transferor, a transfer is complete upon delivery and the purchaser has a specifically enforceable right to have any necessary endorsement supplied.\n(e) An endorsement 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.\n(f) Unless otherwise agreed, a person making an endorsement assumes only the obligations provided in AS 45.08.108 and not an obligation that the security will be honored by the issuer.","path":["Title 45. Trade and Commerce.","Chapter 08. Investment Securities.","Article 3. Purchase."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.08.304","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"f7197af2bd042d981a80970aa7c4b1fd4dea99b4567b4bb7821345bf38a42ce4","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.08.303","next":"us-ak/as-45.08.305"},"notice":"GroundRules: Original legal text. Not legal advice."}