(a) In this article:

1. (1) ''Adverse claim'', means a claim that a claimant has a property interest in a financial asset and that it is a violation of the rights of the claimant for another person to hold, transfer, or deal with the financial asset.
2. (2) ''Bearer form'', as applied to a certified 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.
3. (3) ''Broker'', means a person defined as a broker or dealer under the federal securities laws, but without excluding a bank acting in that capacity.
4. (4) ''Certificated security'', means a security that is represented by a certificate.
5. (5) ''Clearing corporation'' means:

(6) ''Communicate'' means to:

1. (i) send a signed writing; or
2. (ii) transmit information by any mechanism agreed upon by the persons transmitting and receiving the information.

(9) ''Financial asset'', except as otherwise provided in section 8–103, means:

1. (i) a security;
2. (ii) an obligation of a person or a share, participation, or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment; or

3. (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 article.

   As the context requires, the term 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.

(13) ''Registered form'', as applied to a certificated security, means a form in which:

1. (i) the security certificate specifies a person entitled to the security; and
2. (ii) 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.

(14) ''Securities intermediary'' means:

1. (i) a clearing corporation; or
2. (ii) a person, including a bank or broker, that in the ordinary course of its business maintains securities accounts for others and is acting in that capacity.

(15) ''Security'', except as otherwise provided in section 8–103, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer:

1. (i) which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;
2. (ii) which is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and

3. (iii) which:

   1. (A) is, or is of a type, dealt in or traded on securities exchanges or securities markets; or
   2. (B) is a medium for investment and by its terms expressly provides that it is a security governed by this article.