{"data":{"id":"us-va/va.-code-8.8a-116","jurisdiction":"us-va","citation":"Va. Code § 8.8A-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.1996, c. 216.","path":["Title 8.8A. COMMERCIAL CODE — INVESTMENT SECURITIES","Part 1. SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://law.lis.virginia.gov/vacode/8.8A-116/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:24Z","sha256":"11b474e96787b348faf34a7efef0e815c8419157acbe9d1ec7500ffcb0196a59","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.8a-115","next":"us-va/va.-code-8.8a-201"},"notice":"GroundRules: Original legal text. Not legal advice."}