PARRIS N. GLENDENING, Governor

Ch. 92

PARAGRAPH (1) OR (2) OF THIS SUBSECTION AND AN ACCOUNT STATEMENT DOES
NOT IDENTIFY AN OFFICE SERVING THE ENTITLEMENT HOLDER'S ACCOUNT AS
PROVIDED IN PARAGRAPH (3) OF THIS SUBSECTION, THE SECURITIES
INTERMEDIARY'S JURISDICTION IS THE JURISDICTION IN WHICH IS LOCATED THE
CHIEF EXECUTIVE OFFICE OF THE SECURITIES INTERMEDIARY.

(F) A SECURITIES INTERMEDIARY'S JURISDICTION IS NOT DETERMINED BY
THE PHYSICAL LOCATION OF CERTIFICATES REPRESENTING FINANCIAL ASSETS, OR
BY THE JURISDICTION IN WHICH IS ORGANIZED THE ISSUER OF THE FINANCIAL
ASSET WITH RESPECT TO WHICH AN ENTITLEMENT HOLDER HAS A SECURITY
ENTITLEMENT, OR BY THE LOCATION OF FACILITIES FOR DATA PROCESSING OR
OTHER RECORD KEEPING CONCERNING THE ACCOUNT.

8-111.

A RULE ADOPTED BY A CLEARING CORPORATION GOVERNING RIGHTS AND
OBLIGATIONS AMONG THE CLEARING CORPORATION AND ITS PARTICIPANTS IN THE
CLEARING CORPORATION IS EFFECTIVE EVEN IF THE RULE CONFLICTS WITH THIS
TITLE AND AFFECTS ANOTHER PARTY WHO DOES NOT CONSENT TO THE RULE.

8-112

(A)    THE INTEREST OF A DEBTOR IN A CERTIFICATED SECURITY MAY BE
REACHED BY A CREDITOR ONLY BY ACTUAL SEIZURE OF THE SECURITY
CERTIFICATE BY THE OFFICER MAKING THE ATTACHMENT OR LEVY, EXCEPT AS
OTHERWISE PROVIDED IN SUBSECTION (D) OF THIS SECTION. HOWEVER, A
CERTIFICATED SECURITY FOR WHICH THE CERTIFICATE HAS BEEN SURRENDERED
TO THE ISSUER MAY BE REACHED BY A CREDITOR BY LEGAL PROCESS UPON THE
ISSUER.

(B)     THE INTEREST OF A DEBTOR IN AN UNCERTIFICATED SECURITY MAY BE
REACHED BY A CREDITOR ONLY BY LEGAL PROCESS UPON THE ISSUER AT THE
ISSUER'S CHIEF EXECUTIVE OFFICE IN THE UNITED STATES, EXCEPT AS OTHERWISE
PROVIDED IN SUBSECTION (D) OF THIS SECTION.

(C)     THE INTEREST OF A DEBTOR DM A SECURITY ENTITLEMENT MAY BE
REACHED BY A CREDITOR ONLY BY LEGAL PROCESS UPON THE SECURITIES
INTERMEDIARY WITH WHOM THE DEBTOR'S SECURITIES ACCOUNT IS MAINTAINED,
EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (D) OF THIS SECTION.

(D)    THE INTEREST OF A DEBTOR IN A CERTIFICATED SECURITY FOR WHICH
THE CERTIFICATE IS IN THE POSSESSION OF A SECURED PARTY, OR IN AN
UNCERTIFICATED SECURITY REGISTERED IN THE NAME OF A SECURED PARTY, OR
A SECURITY ENTITLEMENT MAINTAINED IN THE NAME OF A SECURED PARTY, MAY
BE REACHED BY A CREDITOR BY LEGAL PROCESS UPON THE SECURED PARTY.

(E)     A CREDITOR WHOSE DEBTOR IS THE OWNER OF A CERTIFICATED
SECURITY, UNCERTIFICATED SECURITY, OR SECURITY ENTITLEMENT IS ENTITLED
TO AID FROM A COURT OF COMPETENT JURISDICTION, BY INJUNCTION OR
OTHERWISE, IN REACHING THE CERTIFICATED SECURITY, UNCERTIFICATED

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