{"data":{"id":"us-de/6-del.-c.-8-116","jurisdiction":"us-de","citation":"6 Del. C. § 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 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 8. Investment Securities","Part 1","Short Title and General Matters"],"source_url":"https://delcode.delaware.gov/title6/c008/sc01/index.html#8-116","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-8-115","next":"us-de/6-del.-c.-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}