NRS
104.8304 Endorsement.
1. An endorsement may be in blank or
special. An endorsement in blank includes an endorsement to bearer. A special
endorsement specifies to whom a security is to be transferred or who has power
to transfer it. A holder may convert a blank endorsement to a special
endorsement.
2. An endorsement purporting to be only of
part of a security certificate representing units intended by the issuer to be
separately transferable is effective to the extent of the endorsement.
3. An endorsement, whether special or in
blank, does not constitute a transfer until delivery of the certificate on
which it appears or, if the endorsement is on a separate document, until delivery
of both the document and the certificate.
4. If a security certificate in registered
form has been delivered to a purchaser without a necessary endorsement, the
purchaser may become a protected purchaser only when the endorsement is
supplied. However, against a transferor, a transfer is complete upon delivery
and the purchaser has a specifically enforceable right to have any necessary
endorsement supplied.
5. An endorsement of a security
certificate in bearer form may give notice of an adverse claim to the
certificate, but it does not otherwise affect a right to registration that the
holder possesses.
6. Unless otherwise agreed, a person
making an endorsement assumes only the obligations provided in NRS 104.8108 and not an obligation that
the security will be honored by the issuer.
(Added to NRS by 1997,
365)
Notes of Decisions
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526, No. 79425 (Nev. Mar. 3, 2022).
“8102(1)(g) (defining “[e]Jndorsement” as “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,…”
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526, No. 79425 (Nev. Mar. 3, 2022).
“240 (providing that shares of stock are "personal property and may be transferred "as provided in chapter 104 of NRS"); NRS 104.8304(3) (providing that a valid transfer requires delivery of both the stock certificate and the endorsement "if the endorsement is on a separate…”
Nev. Rev. Stat. § 104.8304(3): 2 cases
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526, No. 79425 (Nev. Mar. 3, 2022).
“8102(1)(g) (defining “[e]Jndorsement” as “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,…”
Skarpelos v. Weiser Asset Mgmt., Ltd. C/W 79526, No. 79425 (Nev. Mar. 3, 2022).
“240 (providing that shares of stock are "personal property and may be transferred "as provided in chapter 104 of NRS"); NRS 104.8304(3) (providing that a valid transfer requires delivery of both the stock certificate and the endorsement "if the endorsement is on a separate…”
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