{"data":{"id":"us-az/a.r.s.-47-9206","jurisdiction":"us-az","citation":"A.R.S. § 47-9206","heading":"Security interest arising in purchase or delivery of financial asset","body":"A. A security interest in favor of a securities intermediary attaches to a person's security entitlement if:\n\n1. The person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and\n\n2. The securities intermediary credits the financial asset to the buyer's securities account before the buyer pays the securities intermediary.\n\nB. The security interest described in subsection A secures the person's obligation to pay for the financial asset.\n\nC. A security interest in favor of a person that delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if:\n\n1. The security or other financial asset:\n\n(a) In the ordinary course of business is transferred by delivery with any necessary indorsement or assignment; and\n\n(b) Is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and\n\n2. The agreement calls for delivery against payment.\n\nD. The security interest described in subsection C secures the obligation to make payment for the delivery.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/09206.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"9dd344d6b49b2a267fc85048b826d65b662fff26ea948662562f922b2207c756","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-9205","next":"us-az/a.r.s.-47-9207"},"notice":"GroundRules: Original legal text. Not legal advice."}