KRS 355.8-104: Acquisition of security or financial asset or interest therein.

(1) A person acquires a security or an interest therein, under this article, if:

(a) The person is a purchaser to whom a security is delivered pursuant to KRS

355.8-301; or

(b) The person acquires a security entitlement to the security pursuant to KRS

355.8-501.

(2) A person acquires a financial asset, other than a security, or an interest therein,

under this article, if the person acquires a security entitlement to the financial asset.

(3) A person who acquires a security entitlement to a security or other fin ancial asset

has the rights specified in Part 5 of this article, but is a purchaser of any security,

security entitlement, or other financial asset held by the securities intermediary only

to the extent provided in KRS 355.8-503.

(4) Unless the context sho ws 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 (1) or (2) of this

section.