{"data":{"id":"us-me/11-m.r.s.-8-1104","jurisdiction":"us-me","citation":"11 M.R.S. §8-1104","heading":"Acquisition of security or financial asset or interest in a security or financial asset","body":"(1).   A person acquires a security or an interest in a security, under this Article if:\n(a).  The person is a purchaser to whom a security is delivered pursuant to section 8‑1301; or\n(b).  The person acquires a security entitlement to the security pursuant to section 8‑1501.\n(2).   A person acquires a financial asset, other than a security or an interest in a security, under this Article if the person acquires a security entitlement to the financial asset.\n(3).   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 8‑1503.\n(4).   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 (1) or (2).","path":["TITLE 11: UNIFORM COMMERCIAL CODE","PART 1: SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec8-1104.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"682ebbdb3ced71693cb90c87e782a7ea58d2e498e59b5321b05290460e3d5bde","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-8-1103","next":"us-me/11-m.r.s.-8-1105"},"notice":"GroundRules: Original legal text. Not legal advice."}