Colorado Statutes
§ 4-8-116 — 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.
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Legislative History
Source: L. 96: Entire article R&RE, p. 216, � 2, effective July 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith