{"data":{"id":"us-al/ala.-code-7-8-116","jurisdiction":"us-al","citation":"Ala. Code § 7-8-116","heading":"Securities Intermediary as Purchaser for Value.","body":"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.","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=7-8-116","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-115","next":"us-al/ala.-code-7-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}