{"data":{"id":"us-ri/r.i.-gen.-laws-6a-8-116","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-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.","path":["Title 6A Uniform Commercial Code","Chapter 8 Investment Securities","Part 1 Short Title and General Matters"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-8/6A-1/6A-8-116.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:21:04Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-8-115","next":"us-ri/r.i.-gen.-laws-6a-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}