Iowa § 554.8116 Securities intermediary as purchaser for value

Iowa Statutes

§ 554.8116 — Securities intermediary as purchaser for value

Iowa § 554.8116

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.8116 (Securities intermediary as purchaser for value) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.8116 (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.

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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.