{"data":{"id":"us-dc/d.c.-code-28-8-116","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-116","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 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part I. Short Title and General Matters."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-116","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-115","next":"us-dc/d.c.-code-28-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}