Securities intermediary as purchaser for value - 13 Pa. Cons. Stat. § 8116
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Pennsylvania Statutes
§ 8116. Securities intermediary as purchaser for value.
A securities intermediary that receives a financial asset and
establishes a security entitlement to the financial asset in
favor of an entitlement holder is a purchaser for value of the
financial asset. A securities intermediary that acquires a
security entitlement to a financial asset from another
securities intermediary acquires the security entitlement for
value if the securities intermediary acquiring the security
entitlement establishes a security entitlement to the financial
asset in favor of an entitlement holder.
Section: 8109 8110 8111 8112 8113 8114 8115 8116 8201 8202 8203 8204 8205 8206 8207
Last modified: November 27, 2007
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