"Adverse claim." 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.
"Bearer form." As applied to a certificated security, a form in which the security is payable to the bearer of the security certificate according to its terms but not by reason of an indorsement.
"Broker." A person defined as a broker or dealer under the Federal securities laws, but without excluding a bank acting in that capacity.
"Certificated security." A security that is represented by a certificate.
"Clearing corporation." "Clearing corporation" means:
"Communicate." "Communicate" means to:
"Entitlement holder." A person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of section 8501(b)(2) or (3) (relating to securities account; acquisition of security entitlement from securities intermediary), that person is the entitlement holder.
"Entitlement order." A notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.
"Financial asset." Except as otherwise provided in section 8103 (relating to rules for determining whether certain obligations and interests are securities or financial assets):
"Indorsement." 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.
"Instruction." 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.
"Registered form." As applied to a certificated security, a form in which:
"Securities intermediary." "Securities intermediary" means:
"Security." Except as otherwise provided in section 8103 (relating to rules for determining whether certain obligations and interests are securities or financial assets), an obligation of an issuer or a share, participation or other interest in an issuer or in property or an enterprise of an issuer:
"Security certificate." A certificate representing a security.
"Security entitlement." The rights and property interest of an entitlement holder with respect to a financial asset specified in Chapter 85 (relating to security entitlements).
"Uncertificated security." A security that is not represented by a certificate.
"Appropriate person."Section 8107.
"Control."Section 8106.
"Delivery."Section 8301.
"Investment company security."Section 8103.
"Issuer."Section 8201.
"Overissue."Section 8210.
"Protected purchaser."Section 8303.
"Securities account."Section 8501.
13 Pa.C.S. § 8102