1997 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 678 Uniform Commercial Code: Investment Securities
PART I SHORT TITLE AND GENERAL MATTERS (ss. 678.101-678.108)
678.108 Registration of pledge and release of uncertificated securities.
678.108 Registration of pledge and release of uncertificated securities.--A security interest in an uncertificated security may be evidenced by the registration of pledge to the secured party or a person designated by him or her. There can be no more than one registered pledge of an uncertificated security at any time. The registered owner of an uncertificated security is the person in whose name the security is registered, even if the security is subject to a registered pledge. The rights of a registered pledgee of an uncertificated security under this chapter are terminated by the registration of release.
History.--s. 1, ch. 87-275; s. 650, ch. 97-102.
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