{"data":{"id":"us-nd/n.d.-cent.-code-41-08-16","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-16","heading":"(8-116) 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 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-15","next":"us-nd/n.d.-cent.-code-41-08-17"},"notice":"GroundRules: Original legal text. Not legal advice."}