47-8104. Acquisition of security or financial asset or interest therein
A. A person acquires a security or an interest therein, under this chapter, if:
1. The person is a purchaser to whom a security is delivered pursuant to section 47-8301.
2. The person acquires a security entitlement to the security pursuant to section 47-8501.
B. A person acquires a financial asset, other than a security, or an interest therein, under this chapter, 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 article 5 of this chapter, 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 47-8503.
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 of this section.
Section: Previous 47-7602 47-7603 47-7703 47-7704 47-8101 47-8102 47-8103 47-8104 47-8105 47-8106 47-8107 47-8108 47-8109 47-8110 47-8111 NextLast modified: October 13, 2016