{"data":{"id":"us-sd/sdcl-57a-8-116","jurisdiction":"us-sd","citation":"SDCL § 57A-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.\nSource: SL 1998, ch 284, § 1.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-116","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"b12617834a7496e7d0786b32b9020a75e3e0f5946f776d8a815810575a8126c8","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-115","next":"us-sd/sdcl-57a-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}