GroundRules
← Search the law
Nebraska · Through Laws 2026 · Newer source version available

Neb. U.C.C. § 8-116: Securities intermediary as purchaser for value.

Read at publisher ↗
Where this section sits in the code
  1. Uniform Commercial Code
  2. Article 8

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 2026-09-17T21:01:12Z. Source file · JSON

Browse this collection