30-8-126: Securities intermediary as purchaser for value.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 8. UNIFORM COMMERCIAL CODE 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 2026-09-14T04:51:02Z. Source file · JSON