{"data":{"id":"us-ct/conn.-gen.-stat.-42a-8-102","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-8-102","heading":"Definitions and index of definitions.","body":"(a) In this article:\n(1) “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.\n(2) “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.\n(3) “Broker” means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity.\n(4) “Certificated security” means a security that is represented by a certificate.\n(5) “Clearing corporation” means:\n(A) A person that is registered as a “clearing agency” under the federal securities laws;\n(B) A federal reserve bank; or\n(C) 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.\n(6) “Communicate” means to:\n(A) Send a signed record; or\n(B) Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information.\n(7) “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.\n(8) “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 subdivision (2) or (3) of subsection (b) of section 42a-8-501, that person is the entitlement holder.\n(9) “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.\n(10) “Financial asset”, except as otherwise provided in section 42a-8-103, means: (A) A security; (B) an obligation of a person or a share, participation or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment; or (C) any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this article. As context requires, the term means either the interest itself or the means by which a person's claim to it is evidenced, including a certificated or uncertificated security, a security certificate, or a security entitlement.\n(11) “Instruction” means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed.\n(12) “Registered form”, as applied to a certificated security, means a form in which:\n(A) The security certificate specifies a person entitled to the security; and\n(B) A transfer of the security may be registered upon books maintained for that purpose by or on behalf of the issuer, or the security certificate so states.\n(13) “Securities intermediary” means:\n(A) A clearing corporation; or\n(B) A person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.\n(14) “Security”, except as otherwise provided in section 42a-8-103, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer:\n(A) Which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;\n(B) Which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests or obligations; and\n(C) Which:\n(i) Is, or is of a type, dealt in or traded on securities exchanges or securities markets; or\n(ii) Is a medium for investment and by its terms expressly provides that it is a security governed by this article.\n(15) “Security certificate” means a certificate representing a security.\n(16) “Security entitlement” means the rights and property interest of an entitlement holder with respect to a financial asset specified in part 5.\n(17) “Uncertificated security” means a security that is not represented by a certificate.\n(b) The following definitions apply in this article and other articles apply to this article:\n“Appropriate person”. Section 42a-8-107.\n“Control”. Section 42a-8-106.\n“Controllable account”. Section 42a-9-102.\n“Controllable electronic record”. Section 42a-12-102.\n“Controllable payment intangible”. Section 42a-9-102.\n“Delivery”. Section 42a-8-301.\n“Investment company security”. Section 42a-8-103.\n“Issuer”. Section 42a-8-201.\n“Overissue”. Section 42a-8-210.\n“Protected purchaser”. Section 42a-8-303.\n“Securities account”. Section 42a-8-501.\n(c) In addition, article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.\n(d) The characterization of a person, business or transaction for purposes of this article does not determine the characterization of the person, business or transaction for purposes of any other law, regulation or rule.","path":["TITLE 42a. UNIFORM COMMERCIAL CODE","ARTICLE 8. INVESTMENT SECURITIES","PART 1. SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.cga.ct.gov/2026/sup/art_008.htm#sec_42a-8-102","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:27Z","sha256":"df62872e97e9f635ae3163a2dd7722de838915a4357e70e4f35ab4280badbb01","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-8-101","next":"us-ct/conn.-gen.-stat.-42a-8-103"},"notice":"GroundRules: Original legal text. Not legal advice."}