RCW 62A.8-104
239 words·~1 min read·
/wa/title-62a/chapter-62a-8/62a-8-104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A person acquires a security or an interest therein, under this Article, if:
(a)The person is a purchaser to whom a security is delivered pursuant to RCW 62A.8-301 ; or
(b)The person acquires a security entitlement to the security pursuant to RCW 62A.8-501 .
(2)A person acquires a financial asset, other than a security, or an interest therein, under this Article, if the person acquires a security entitlement to the financial asset.
(3)A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5 of this Article, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in RCW 62A.8-503 .
(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 subsection
(1)or
(2)of this section.
[ 1995 c 48 s 4 ; 1986 c 35 s 3 ; 1965 ex.s. c 157 s 8-104.]
Notes:
Effective date — 1995 c 48: See RCW 62A.11-113 .
Corporations — Purchase of own shares: RCW 23B.06.030 and 23B.06.310 .