{"data":{"id":"us-pa/13-pa.c.s.-8116","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 8116","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 13 - COMMERCIAL CODE","CHAPTER 81 SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=81\u0026sctn=16\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8115","next":"us-pa/13-pa.c.s.-8201"},"notice":"GroundRules: Original legal text. Not legal advice."}