47-8116. 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: Previous 47-8109 47-8110 47-8111 47-8112 47-8113 47-8114 47-8115 47-8116 47-8201 47-8202 47-8203 47-8204 47-8205 47-8206 47-8207 NextLast modified: October 13, 2016