{"data":{"id":"us-al/ala.-code-7-8-104","jurisdiction":"us-al","citation":"Ala. Code § 7-8-104","heading":"Acquisition of Security or Financial Asset or Interest Therein.","body":"(a) A person acquires a security or an interest therein, under this article, if:\n(1) the person is a purchaser to whom a security is delivered pursuant to Section 7-8-301; or\n(2) the person acquires a security entitlement to the security pursuant to Section 7-8-501.\n(b) 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.\n(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in Section 7-8-503.\n(d) Unless the context shows 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 (a) or (b).","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 1 Short Title and General Matters."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-104","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"8d320896ccf2416db9417e54e64193a396ded729ba53afed797cf118c2cdb201","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-103","next":"us-al/ala.-code-7-8-105"},"notice":"GroundRules: Original legal text. Not legal advice."}