{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-116","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-116","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. (1997-181, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 1. Short Title and General Matters."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-116.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"36e9215395a4bc6edef7192fa7f5dd6598cf6d28f770a311ee6ab153396d20de","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-115","next":"us-nc/n.c.-gen.-stat.-25-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}