Alaska Statutes Sec. 45.08.116 - 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: Previous  45.08.103  45.08.104  45.08.105  45.08.106  45.08.107  45.08.108  45.08.109  45.08.110  45.08.111  45.08.112  45.08.113  45.08.114  45.08.115  45.08.116  

Last modified: November 15, 2016