# A.R.S. § 47-8301: 47-8301 Delivery

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8301

## Section

- **Citation:** A.R.S. § 47-8301
- **Heading:** 47-8301 Delivery
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 47 / Chapter 8 / Article 3 / Section 8301

## Text

47-8301. Delivery

A. Delivery of a certificated security to a purchaser occurs when:

1. The purchaser acquires possession of the security certificate;

2. 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

3. 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 registered in the name of the purchaser, payable to the order of the purchaser or specially indorsed to the purchaser by an effective indorsement and has not been indorsed to the securities intermediary or in blank.

B. Delivery of an uncertificated security to a purchaser occurs when:

1. The issuer registers the purchaser as the registered owner, upon original issue or registration of transfer; or

2. 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.

## Nearby sections

- [A.R.S. § 47-8301 47-8301 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8301.md)
- [A.R.S. § 47-8302 47-8302 Rights of purchaser](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8302.md)
- [A.R.S. § 47-8303 47-8303 Protected purchaser](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8303.md)
- [A.R.S. § 47-8304 47-8304 Indorsement](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8304.md)
- [A.R.S. § 47-8305 47-8305 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8305.md)
- [A.R.S. § 47-8306 47-8306 Effect of guaranteeing signature, indorsement or instruction](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8306.md)
- [A.R.S. § 47-8307 47-8307 Purchaser's right to requisites for registration of transfer](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8301. Check the current official text before relying on it. Not legal advice.