{"data":{"id":"us-me/11-m.r.s.-8-1116","jurisdiction":"us-me","citation":"11 M.R.S. §8-1116","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 11: UNIFORM COMMERCIAL CODE","PART 1: SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec8-1116.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"4dd2a75cc0630055b0d240bfcc70ab311ab57daf28684550ffb7359a1fbd0bd6","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-8-1115","next":"us-me/11-m.r.s.-8-1201"},"notice":"GroundRules: Original legal text. Not legal advice."}