{"data":{"id":"us-mi/mich.-comp.-laws-440.8104","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8104","heading":"Security or interest in security; financial asset; security entitlement; acquisition; placing security or financial asset in possession of another person.","body":"Sec. 8104.\n\nA person acquires a security or an interest in a security under this article in either of the following situations:\n\nThe person is a purchaser to whom a security is delivered pursuant to section 8301.\n\nThe person acquires a security entitlement to the security pursuant to section 8501.\n\nA person acquires a financial asset, other than a security, or an interest in the security, under this article, if the person acquires a security entitlement to the financial asset.\n\nA 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 8503.\n\nUnless 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":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8104","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"73f6902ef19909ff9fb02d9fe39acf22ef938f2dacc653e29fdb714a2ef3a76a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8103","next":"us-mi/mich.-comp.-laws-440.8105"},"notice":"GroundRules: Original legal text. Not legal advice."}