{"data":{"id":"us-wi/wis.-stat.-408.104","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.104","heading":"Acquisition of security or financial asset or interest therein.","body":"(1) A person acquires a security or an interest therein, under this chapter, if:\n(a) The person is a purchaser to whom a security is delivered pursuant to s. 408.301; or\n(b) The person acquires a security entitlement to the security pursuant to s. 408.501.\n(2) 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(3) A person who acquires a security entitlement to a security or other financial asset has the rights specified in subch. V, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in s. 408.503.\n(4) 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 sub. (1) or (2).","path":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER I GENERAL MATTERS"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.104","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"fb47e1dade35e14669d47b3f1fef3e51248d1fe70b6deecd765fc60d61c1b1fa","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.103","next":"us-wi/wis.-stat.-408.105"},"notice":"GroundRules: Original legal text. Not legal advice."}