{"data":{"id":"us-ar/ark.-code-ann.-4-8-104","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-8-104","heading":"Acquisition of security or financial asset or interest therein.","body":"(a) A person acquires a security or an interest therein, under this chapter, if:\n(1) the person is a purchaser to whom a security is delivered pursuant to § 4-8-301; or\n(2) the person acquires a security entitlement to the security pursuant to § 4-8-501.\n(b) A person acquires a financial asset, other than a security, or an interest therein, under this chapter, 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 § 4-8-503.\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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 8 Investment Securities","Part 1 — Short Title and General Matters"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"d147b6f5883a39f0af961f2d994e0c19e41cbd0228f4883b7c46a10d85486d76","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-8-103","next":"us-ar/ark.-code-ann.-4-8-105"},"notice":"GroundRules: Original legal text. Not legal advice."}