§12A-8-109.

§12A-8-109.
   
   Warranties in Indirect Holding.
   
   (a) A person who originates an entitlement order to a securities
   intermediary warrants to the securities intermediary that:
   
   (1) the entitlement order is made by an appropriate person, or if the
   entitlement order is by an agent, the agent has actual authority to
   act on behalf of the appropriate person; and
   
   (2) there is no adverse claim to the security entitlement.
   
   (b) A person who delivers a security certificate to a securities
   intermediary for credit to a securities account or originates an
   instruction with respect to an uncertificated security directing that
   the uncertificated security be credited to a securities account makes
   to the securities intermediary the warranties specified in subsection
   (a) or (b) of Section 8-108 of this title.
   
   (c) If a securities intermediary delivers a security certificate to
   its entitlement holder or causes its entitlement holder to be
   registered as the owner of an uncertificated security, the securities
   intermediary makes to the entitlement holder the warranties specified
   in subsection (a) or (b) of Section 8-108 of this title.