GroundRules
O.C.G.A. § 11-8-116: Securities intermediary as purchaser for value.
Where this section sits in the code
- TITLE 11 Commercial Code
- Article 8 Investment Securities
- PART 1 Short Title and General Matters
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.
Collected 2026-09-17T18:56:58Z. Source file · JSON
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