{"data":{"id":"us-gu/13-gca-8313","jurisdiction":"us-gu","citation":"13 GCA § 8313","heading":"When Delivery to the Purchaser Occurs; Purchaser's Broker as Holder; Notice of Adverse Claim.","body":"(1) Delivery to a purchaser occurs when\n(a) He or a person designated by him acquires possession of a security; or\n(b) His broker acquires possession of a security specially indorsed to or issued in the name of the purchaser; or\n(c) His broker sends him confirmation of the purchase and also by book entry or otherwise identifies a specific security in the broker's possession as belonging to the purchaser; or\n(d) With respect to an identified security to be delivered while still in the possession of a third person when that person acknowledges that he holds for the purchaser; or\n(e) Appropriate entries on the books of a clearing corporation are made under Section 8320.\n(2) The purchaser is the owner of a security held for him by his broker, but is not the holder except as specified in paragraphs (b), (c) and (e) of subdivision (1) of this section. Where a security is part of a fungible bulk, the purchaser is the owner of a proportionate property interest in the fungible bulk.\n(3) Notice of an adverse claim received by the broker or by the purchaser after the broker takes delivery as a holder for value is not effective either as to the broker or as to the purchaser. However, as between the broker and the purchaser the purchaser may demand deliv-ery of an equivalent security as to which no notice of an adverse claim has been received.","path":["Title 13: Uniform Commercial Code","Division 8: Investment Securities","CHAPTER 3: PURCHASE"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv008.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:28:48Z","sha256":"0edf6898f1cc8de06610a795723462700f75aba7cbc951b396bcb393ec4bb2b3","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-8312","next":"us-gu/13-gca-8314"},"notice":"GroundRules: Original legal text. Not legal advice."}