NRS 104.8116 Securities intermediary as purchaser for value.

89 words·~1 min read·/nv/chapter-104-uniform-commercial-code-original-articles/104-8116

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

NRS 104.8116 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.

Part 2

Issue and Issuer