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 11-8-103 11-8-104 11-8-105 11-8-106 11-8-107 11-8-108 11-8-109 11-8-110 11-8-111 11-8-112 11-8-113 11-8-114 11-8-115 11-8-116Last modified: October 14, 2016