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 4-8-103 4-8-104 4-8-105 4-8-106 4-8-107 4-8-108 4-8-109 4-8-110 4-8-111 4-8-112 4-8-113 4-8-114 4-8-115 4-8-116Last modified: November 15, 2016