§ 4-8-104 — Acquisition of security or financial asset or interest therein

Colorado § 4-8-104

• Jurisdiction: Colorado
• Title 04: Uniform
• Art.: Investment Securities

Text

(a) A
person acquires a security or an interest therein, under this article, if:

(1) The person is a purchaser to whom a security is delivered pursuant to
section 4-8-301; or

(2) The person acquires a security entitlement to the security pursuant to
section 4-8-501.

(b) 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.

(c) 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 section 4-8-503.

(d) 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 (a) or
(b) of this section.

Legislative History

Source: L. 96: Entire article R&RE, p. 206, � 2, effective July 1.