30-8-126. Securities intermediary as purchaser for value.
84 words·~1 min read·
/mt/title-30/chapter-8/part-1/30-8-126·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-8-126 . Securities intermediary as purchaser for value. 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.