{"data":{"id":"us-ca/com-8116","jurisdiction":"us-ca","citation":"COM § 8116","heading":"","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":["Commercial Code - COM","DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","CHAPTER 1. Short Title and General Matters [8101. - 8116.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-ca","stale":false,"prev":"us-ca/com-8115","next":"us-ca/com-8201"},"notice":"GroundRules: Original legal text. Not legal advice."}