Investment Securities (UCC Article 8) 

Hawaii Revised Statutes > Division 2 > Title 27 > Chapter 490 > Article 8 > Part 2 > § 490:8-210 - Overissue

     (b)  Except as otherwise provided in subsections (c) and (d), the provisions of this article which validate a security or compel its issue or reissue do not apply to the extent that validation, issue, or reissue would result in overissue.

     (c)  If an identical security not constituting an overissue is reasonably available for purchase, a person entitled to issue or validation may compel the issuer to purchase the security and deliver it if certificated or register its transfer if uncertificated, against surrender of any security certificate the person holds.

     (d)  If a security is not reasonably available for purchase, a person entitled to issue or validation may recover from the issuer the price the person or the last purchaser for value paid for it with interest from the date of the person's demand.

Previous section	Part 2 Table of Contents	Next section

________________________________________________________________________

Hawaii Laws: Investment Securities (UCC Article 8)

Hawaii Revised Statutes Chapter 490 > Article 8 - Investment Securities

Hawaii Revised Statutes Chapter 490 > Article 8 > Part 1 - Short Title and General Matters

Hawaii Revised Statutes Chapter 490 > Article 8 > Part 2 - Issue and Issuer

Hawaii Revised Statutes Chapter 490 > Article 8 > Part 3 - Transfer of Certificated and Uncertificated Securities

Hawaii Revised Statutes Chapter 490 > Article 8 > Part 4 - Registration

Hawaii Revised Statutes Chapter 490 > Article 8 > Part 5 - Security Entitlements

Comments (0)