{"data":{"id":"us-nj/n.j.-stat.-12a-8-116","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A: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.\nL.1997,c.252,s.1.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"a34fd0d48e5d3080fe1b9af44fae0cc9d17bac5625223cd21eb5a39b0e36ada8","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-8-115","next":"us-nj/n.j.-stat.-12a-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}