Idaho Statutes
§ 28-8-116 — SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE
Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 1. SHORT TITLE AND GENERAL MATTERS·Ch. 8 INVESTMENT SECURITIES
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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Idaho § 28-8-116 (SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[28-8-116, added 1995, ch. 272, sec. 2, p. 885.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONS