California Statutes
§ 8116. — 8116. (Added by Stats. 1996, Ch. 497, Sec. 9.)
California § 8116.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 8.DIVISION 8. INVESTMENT SECURITIES
Ch. 1.CHAPTER 1. Short Title and General Matters
This text of California § 8116. (8116. (Added by Stats. 1996, Ch. 497, Sec. 9.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Commercial Code - COM Code § 8116. (2026).
Text
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.
Cite This Page — Counsel Stack
Bluebook (online)
California § 8116., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/8116..