Idaho § 28-8-116 SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE

Idaho Statutes

§ 28-8-116 — SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE

Idaho § 28-8-116

Title 28COMMERCIAL TRANSACTIONS

Part 1.SHORT TITLE AND GENERAL MATTERS

Ch. 8INVESTMENT SECURITIES

This text of Idaho § 28-8-116 (SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-8-116 (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.