{"data":{"id":"us-la/rs-10-8-104","jurisdiction":"us-la","citation":"RS 10:8-104","heading":"Acquisition of security or financial asset or interest therein","body":"(a) A person acquires a security or an interest therein, under this Chapter, if:\n(1) the person is a purchaser to whom a security is delivered pursuant to R.S. 10:8-301; or\n(2) the person acquires a security entitlement to the security pursuant to R.S. 10:8-501.\n(b) A person acquires a financial asset, other than a security, or an interest therein, under this Chapter, 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 R.S. 10:8-503.\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":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74333","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:06Z","sha256":"5f7fb354fae906dd92f71169c796f843e19181c325538cce3814696ee5d5dc3e","source_id":"us-la","stale":false,"prev":"us-la/rs-10-8-103","next":"us-la/rs-10-8-105"},"notice":"GroundRules: Original legal text. Not legal advice."}