{"data":{"id":"us-ct/conn.-gen.-stat.-42a-8-116","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-8-116","heading":"Securities intermediary as purchaser.","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 42a. UNIFORM COMMERCIAL CODE","ARTICLE 8*. INVESTMENT SECURITIES","PART 1. SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.cga.ct.gov/current/pub/art_008.htm#sec_42a-8-116","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-8-115","next":"us-ct/conn.-gen.-stat.-42a-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}