# Utah Code § 70A-8-108: Warranties in indirect holding

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_108

## Section

- **Citation:** Utah Code § 70A-8-108
- **Heading:** Warranties in indirect holding
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 70A / Chapter 70A-8 / § 70A-8-108

## Text

(1) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that: (a) 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 (b) there is no adverse claim to the security entitlement. (2) 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 70A-8-107(1) or (2). (3) 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 70A-8-107(1) or (2).

## Nearby sections

- [Utah Code § 70A-8-100 § 70A-8-100. Title.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_100.md)
- [Utah Code § 70A-8-101 § 70A-8-101. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_101.md)
- [Utah Code § 70A-8-102 § 70A-8-102. Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_102.md)
- [Utah Code § 70A-8-103 § 70A-8-103. Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_103.md)
- [Utah Code § 70A-8-104 § 70A-8-104. Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_104.md)
- [Utah Code § 70A-8-105 § 70A-8-105. Control.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_105.md)
- [Utah Code § 70A-8-106 § 70A-8-106. Whether indorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_106.md)
- [Utah Code § 70A-8-107 § 70A-8-107. Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_107.md)
- [Utah Code § 70A-8-108 § 70A-8-108. Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_108.md)
- [Utah Code § 70A-8-109 § 70A-8-109. Applicability -- Choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_109.md)
- [Utah Code § 70A-8-110 § 70A-8-110. Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_110.md)
- [Utah Code § 70A-8-111 § 70A-8-111. Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_111.md)
- [Utah Code § 70A-8-112 § 70A-8-112. Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_112.md)
- [Utah Code § 70A-8-113 § 70A-8-113. Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_108. Check the current official text before relying on it. Not legal advice.