A person identified in the records of a securities intermediary (www.practicallaw.com/3-382-3809) as the person having a security entitlement (www.practicallaw.com/0-383-2221) against the securities intermediary (UCC (www.practicallaw.com/1-382-3891) § 8-102(a)(7)). The entitlement holder is typically the customer of the securities intermediary.
Article 8 of the UCC uses the concept of entitlement holders relating to a secured party taking a security interest in a securities account (www.practicallaw.com/6-382-3803) held by a securities intermediary. For more information on security interests in securities accounts, see Practice Note, Security Interests: Investment Property (www.practicallaw.com/8-382-3067).