Idaho State Statutes - Idaho Attorney Directory

(1) Delivery of a certificated security to a
purchaser occurs when:
(a) The purchaser acquires possession of the security certificate;
(b) 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
(c) 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 indorsed to the
purchaser by an effective indorsement and has not been indorsed to the
securities intermediary or in blank.
(2) Delivery of an uncertificated security to a purchaser occurs when:
(a) The issuer registers the purchaser as the registered owner, upon
original issue or registration of transfer; or
(b) 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.

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