{"data":{"id":"us-wi/wis.-stat.-408.116","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.116","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":["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/408.116","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":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.115","next":"us-wi/wis.-stat.-408.201"},"notice":"GroundRules: Original legal text. Not legal advice."}