{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.8A-301.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.8A-301.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.8A-301.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.8A-301.html"}],"law_id":58567,"edition_id":1,"section_id":58567,"structure_id":15382,"section_number":"8.8A-301","catch_line":"Delivery","history":"1996, c. 216; 2000, c. 1007.","full_text":"a\n\nDelivery of a certificated security to a purchaser occurs when:1\n\nthe purchaser acquires possession of the security certificate;2\n\nanother 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; or3\n\na securities intermediary acting on behalf of the purchaser acquires possession of the security certificate, only if the certificate is in registered form and is (i) registered in the name of the purchaser, (ii) payable to the order of the purchaser, or (iii) specially endorsed to the purchaser by an effective endorsement and has not been endorsed to the securities intermediary or in blank.b\n\nDelivery of an uncertificated security to a purchaser occurs when:1\n\nthe issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or2\n\nanother 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.","order_by":null,"text":{"0":{"id":214645,"text":"Delivery of a certificated security to a purchaser occurs when:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":214646,"text":"the purchaser acquires possession of the security certificate;","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":214647,"text":"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","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"a3"},"3":{"id":214648,"text":"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 (i) registered in the name of the purchaser, (ii) payable to the order of the purchaser, or (iii) specially endorsed to the purchaser by an effective endorsement and has not been endorsed to the securities intermediary or in blank.","type":"section","prefixes":["a","3"],"prefix":"3","entire_prefix":"a3","prefix_anchor":"a3","level":2,"prior_prefix":"a2","next_prefix":"b"},"4":{"id":214649,"text":"Delivery of an uncertificated security to a purchaser occurs when:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a3","next_prefix":"b1"},"5":{"id":214650,"text":"the issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"6":{"id":214651,"text":"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.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1"}},"ancestry":[{"id":15382,"edition_id":1,"name":"Transfer of Certificated and Uncertificated Securities","identifier":"3","label":"part","depth":2,"order_by":1,"parent_id":13421,"metadata":{},"date_created":"2026-06-26 03:54:28","date_modified":"2026-06-26 03:54:28","permalink":{"id":283721,"object_type":"structure","relational_id":15382,"identifier":"3","token":"8.8A\/3","url":"\/8.8A\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13421,"edition_id":1,"name":"Commercial Code \u2014 Investment Securities","identifier":"8.8A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:52","date_modified":"2026-06-26 03:44:52","permalink":{"id":283611,"object_type":"structure","relational_id":13421,"identifier":"8.8A","token":"8.8A","url":"\/8.8A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58567,"structure_id":15382,"section_number":"8.8A-301","catch_line":"Delivery","url":"\/8.8A-301\/","token":"8.8A\/3\/8.8A-301","metadata":false},{"id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","metadata":false},{"id":81304,"structure_id":15382,"section_number":"8.8A-303","catch_line":"Protected purchaser","url":"\/8.8A-303\/","token":"8.8A\/3\/8.8A-303","metadata":false},{"id":79892,"structure_id":15382,"section_number":"8.8A-304","catch_line":"Endorsement","url":"\/8.8A-304\/","token":"8.8A\/3\/8.8A-304","metadata":false},{"id":77486,"structure_id":15382,"section_number":"8.8A-305","catch_line":"Instruction","url":"\/8.8A-305\/","token":"8.8A\/3\/8.8A-305","metadata":false},{"id":82594,"structure_id":15382,"section_number":"8.8A-306","catch_line":"Effect of guaranteeing signature, endorsement, or instruction","url":"\/8.8A-306\/","token":"8.8A\/3\/8.8A-306","metadata":false},{"id":73229,"structure_id":15382,"section_number":"8.8A-307","catch_line":"Purchaser's right to requisites for registration of transfer","url":"\/8.8A-307\/","token":"8.8A\/3\/8.8A-307","metadata":false}],"next_section":{"id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.8A-301\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 216<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2000, chapter 1007<\/a>.<\/p>","references":[{"id":69812,"section_number":"8.8A-102","catch_line":"Definitions","order_by":null,"url":"\/8.8A-102\/"},{"id":62182,"section_number":"8.8A-104","catch_line":"Acquisition of security or financial asset or interest therein","order_by":null,"url":"\/8.8A-104\/"},{"id":74128,"section_number":"8.9A-203","catch_line":"Attachment and enforceability of security interest; proceeds, supporting obligations; formal requisites","order_by":null,"url":"\/8.9A-203\/"},{"id":59813,"section_number":"8.9A-313","catch_line":"When possession by or delivery to secured party perfects security interest without filing","order_by":null,"url":"\/8.9A-313\/"}],"refers_to":false,"permalink":{"id":283723,"object_type":"law","relational_id":58567,"identifier":"8.8A-301","token":"8.8A\/3\/8.8A-301","url":"\/8.8A-301\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.8A-301\/","token":"8.8A\/3\/8.8A-301","dublin_core":{"Title":"Delivery","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.8A-301","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Delivery of a certificated security to a purchaser occurs when: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> the purchaser acquires possession<\/span> of the security certificate; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> another person, other than a securities intermediary, either acquires possession<\/span> of the security certificate on behalf of the purchaser or, having previously acquired possession<\/span> of the certificate, acknowledges that it holds for the purchaser; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> a securities intermediary acting on behalf of the purchaser acquires possession<\/span> of the security certificate, only if the certificate is in registered form and is (i) registered in the name of the purchaser, (ii) payable to the order<\/span> of the purchaser, or (iii) specially endorsed to the purchaser by an effective endorsement and has not been endorsed to the securities intermediary or in blank. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Delivery of an uncertificated security to a purchaser occurs when: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> the issuer registers the purchaser as the registered owner, upon original issue<\/span> or registration of transfer; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> 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. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDELIVERY (\u00a7 8.8A-301)\n\na. Delivery of a certificated security to a purchaser occurs when:\n\n 1. the purchaser acquires possession of the security certificate;\n\n 2. another person, other than a securities intermediary, either acquires\n possession of the security certificate on behalf of the purchaser or, having\n previously acquired possession of the certificate, acknowledges that it holds\n for the purchaser; or\n\n 3. a securities intermediary acting on behalf of the purchaser acquires\n possession of the security certificate, only if the certificate is in\n registered form and is (i) registered in the name of the purchaser, (ii)\n payable to the order of the purchaser, or (iii) specially endorsed to the\n purchaser by an effective endorsement and has not been endorsed to the\n securities intermediary or in blank.\n\nb. Delivery of an uncertificated security to a purchaser occurs when:\n\n 1. the issuer registers the purchaser as the registered owner, upon original\n issue or registration of transfer; or\n\n 2. another person, other than a securities intermediary, either becomes the\n registered owner of the uncertificated security on behalf of the purchaser or,\n having previously become the registered owner, acknowledges that it holds for\n the purchaser.\n\nHISTORY: 1996, c. 216; 2000, c. 1007.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}