{"data":{"id":"us-il/810-ilcs-5-8-104","jurisdiction":"us-il","citation":"810 ILCS 5/8-104","heading":"","body":"Acquisition of security or financial asset or interest therein.\n(a) A person acquires a security or an interest therein, under this Article, if:\n(1) the person is a purchaser to whom a security is delivered pursuant to Section 8-301; or\n(2) the person acquires a security entitlement to the security pursuant to Section 8-501.\n(b) A person acquires a financial asset, other than a security, or an interest therein, under this Article, if the person acquires a security entitlement to the financial asset.\n(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in Section 8-503.\n(d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b).","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"0c9f60b67f8c3e4c9586355b0472bdf60a5fa0050bfb8891032bcf3ac30c06ff","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-103","next":"us-il/810-ilcs-5-8-105"},"notice":"GroundRules: Original legal text. Not legal advice."}