“Adverse claim” means a claim in which a claimant who has a property interest in a financial asset asserts 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, means 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” means a person defined as a broker or dealer under the federal securities laws, but does not exclude a bank acting in that capacity.
“Certificated security” means a security that is represented by a certificate.
“Clearing corporation” means:
A person that is registered as a clearing agency under the federal securities laws;
A federal reserve bank; or
Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.
“Communicate” means to:
Send a signed writing; or
Transmit information by any mechanism agreed upon by the persons transmitting and receiving the information.
“Entitlement holder” means 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 ORS 78.5010 (Securities account) (2)(b) or (c), that person is the entitlement holder.
“Entitlement order” means a notification communicated to a securities intermediary directing transfer or redemption of a financial asset to which the entitlement holder has a security entitlement.
An obligation of a person or a share, participation, or other interest in a person or in property or an enterprise of a person, that is, or is of a type, dealt in or traded on financial markets, or that is recognized in any area in which it is issued or dealt in as a medium for investment; or(iii) Any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this chapter.
As context requires, “financial asset” means either the interest itself or the means by which a person’s claim to it is evidenced, including a certificated or uncertificated security, a security certificate or a security entitlement.
“Indorsement” means 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 the power to assign, transfer or redeem it.
“Instruction” means a notification communicated to the issuer of an uncertificated security that directs that the transfer of the security be registered or that the security be redeemed.
“Registered form,” as applied to a certificated security, means a form in which:
The security certificate specifies a person entitled to the security; and
A transfer of the security may be registered upon books maintained for that purpose by or on behalf of the issuer, or the security certificate so states.
“Securities intermediary” means:
A clearing corporation; or
A person, including a bank or broker, that in the ordinary course of business maintains securities accounts for others and is acting in that capacity.