{"data":{"id":"us-sc/s.c.-code-ann.-36-8-116","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-8-116","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 36 - COMMERCIAL CODE","CHAPTER 8 Commercial Code—Investment Securities","Part 1 General Provisions"],"source_url":"https://www.scstatehouse.gov/code/t36c008.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:44Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-8-115","next":"us-sc/s.c.-code-ann.-36-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}