Terms Used In Utah Code > Title 70A > Chapter 8 > Part 3 - Transfer of Certificated and Uncertificated Securities

• Adverse claim: means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset. See Utah Code 70A-8-101
• Certificated security: means a security that is represented by a certificate. See Utah Code 70A-8-101
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Indorsement: means a signature that alone or accompanied by other words is made on a security certificate in registered form or on a separate document for the purpose of assigning, transferring, or redeeming the security or granting a power to assign, transfer, or redeem it. See Utah Code 70A-8-101
• Instruction: means a notification communicated to the issuer of an uncertificated security which directs that the transfer of the security be registered or that the security be redeemed. See Utah Code 70A-8-101
• Land: includes :Utah Code 68-3-12.5
• Land company: means a mutual benefit corporation, as defined in Section 16-6a-102, that bases the use of the corporation's land on issued share ownership. See Utah Code 70A-8-101
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: means :Utah Code 68-3-12.5
• Securities intermediary: means :

  (i)	a clearing corporation; or

  (ii)

  a person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity. See Utah Code 70A-8-101 Security: except as otherwise provided in Section 70A-8-102, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer that: (i)  is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer; (ii)  is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and (iii)  (A)  is, or is of a type, dealt in or traded on securities exchanges or securities markets; or (B)  is a medium for investment and by its terms expressly provides that it is a security governed by this chapter. See Utah Code 70A-8-101 Security certificate: means a certificate representing a security. See Utah Code 70A-8-101 Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5 Uncertificated security: means a security that is not represented by a certificate. See Utah Code 70A-8-101 Water company: is a s defined in Section 16-4-102. See Utah Code 70A-8-101