§490:8-104 Acquisition of security or financial asset or interest therein. (a) A person acquires a security or an interest therein, under this article, if:
(1) The person is a purchaser to whom a security is delivered pursuant to section 490:8-301; or
(2) The person acquires a security entitlement to the security pursuant to section 490:8-501.
(b) A person acquires a financial asset, other than a security, or an interest therein, under this article, if the person acquires a security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in section 490:8-503.
(d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b). [L 1997, c 33, pt of §2]
Section: Previous 490-7-602 490-7-603 490-7-701 490-7-702 490-8-101-to-490-8-408 490-8-102 490-8-103 490-8-104 490-8-105 490-8-106 490-8-107 490-8-108 490-8-109 490-8-110 490-8-111 NextLast modified: October 27, 2016