{"data":{"id":"us-il/810-ilcs-5-8-116","jurisdiction":"us-il","citation":"810 ILCS 5/8-116","heading":"","body":"Securities intermediary as purchaser for value. 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":["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":"9fdbc9f105788d87777d467bdd4a733ba01fd07cc1273ed02ae53ff813037e4f","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-115","next":"us-il/810-ilcs-5-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}