RCW 62A.8-116
94 words·~1 min read·
/wa/title-62a/chapter-62a-8/62a-8-116·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
[ 1995 c 48 s 16 .]
Notes:
Effective date — 1995 c 48: See RCW 62A.11-113 .