{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-301","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-301","heading":"Delivery.","body":"(a)\tDelivery of a certificated security to a purchaser occurs when:\n(1)\tThe purchaser acquires possession of the security certificate;\n(2)\tAnother 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\n(3)\tA securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is (i) registered in the name of the purchaser, (ii) payable to the order of the purchaser, or (iii) specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.\n(b)\tDelivery of an uncertificated security to a purchaser occurs when:\n(1)\tThe issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or\n(2)\tAnother 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. (1899, c. 733, ss. 52, 57 to 59; Rev., ss. 2201, 2206 to 2208; C.S., ss. 3033, 3038 to 3040; 1941, c. 353, ss. 6, 7; G.S., ss. 55-86, 55-87; 1955, c. 1371, s. 2; 1965, c. 700, s. 1; 1989, c. 588, s. 1; 1997-181, s. 1; 2000-169, s. 24.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 3. Transfer of Certificated and Uncertificated Securities."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-301.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"58a5ea3a6fbe70c8aa5ac064fdce9233e368ead689350f25a9071e62a3042d68","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-210","next":"us-nc/n.c.-gen.-stat.-25-8-302"},"notice":"GroundRules: Original legal text. Not legal advice."}