{"data":{"id":"us-pa/13-pa.c.s.-8301","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 8301","heading":"Delivery.","body":"(a) Delivery of certificated security.--Delivery of a certificated security to a purchaser occurs when:\n(1) the purchaser acquires possession of the security certificate;\n(2) another 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) a securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is:\n(i) registered in the name of the purchaser;\n(ii) payable to the order of the purchaser; or\n(iii) specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.\n(b) Delivery of uncertificated security.--Delivery of an uncertificated security to a purchaser occurs when:\n(1) the issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or\n(2) another 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.","path":["Title 13 - COMMERCIAL CODE","CHAPTER 83 TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=83\u0026sctn=1\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"bad2debd86086da281e7b310db8053efc5c0cea91b11aa80b33c0e07c82b7353","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8210","next":"us-pa/13-pa.c.s.-8302"},"notice":"GroundRules: Original legal text. Not legal advice."}