{"data":{"id":"us-wi/wis.-stat.-408.301","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.301","heading":"Delivery.","body":"(1) Delivery of a certificated security to a purchaser occurs when:\n(a) The purchaser acquires possession of the security certificate;\n(b) 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(c) 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:\n1. Registered in the name of the purchaser;\n2. Payable to the order of the purchaser; or\n3. Specially endorsed to the purchaser by an effective endorsement and has not been endorsed to the securities intermediary or in blank.\n(2) Delivery of an uncertificated security to a purchaser occurs when:\n(a) The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or\n(b) 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":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER III TRANSFER OF CERTIFICATED ANDUNCERTIFICATED SECURITIES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.301","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"28d654cb1d2d825a37931b2b9b3a83238a4c0a85dd53deecbad62ab1f03959f6","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.210","next":"us-wi/wis.-stat.-408.302"},"notice":"GroundRules: Original legal text. Not legal advice."}