{"data":{"id":"us-sd/sdcl-57a-8-104","jurisdiction":"us-sd","citation":"SDCL § 57A-8-104","heading":"Acquisition of security or financial asset or interest therein.","body":"(a) A person acquires a security or an interest therein, under this chapter, if:\n(1) The person is a purchaser to whom a security is delivered pursuant to § 57A-8-301; or\n(2) The person acquires a security entitlement to the security pursuant to § 57A-8-501.\n(b) A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset.\n(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in § 57A-8-503.\n(d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b).\nSource: SL 1998, ch 284, § 1.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-104","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"44d9c59503e24eaad56f520bd3f2f140e6dd46646cfb92aafea87d5e48fb5b44","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-103","next":"us-sd/sdcl-57a-8-105"},"notice":"GroundRules: Original legal text. Not legal advice."}