Indiana Statutes
§ 26-1-8.1-116 — Determination of securities intermediary as purchaser for value
Indiana § 26-1-8.1-116
This text of Indiana § 26-1-8.1-116 (Determination of securities intermediary as purchaser for value) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-8.1-116 (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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Legislative History
As added by P.L.247-1995, SEC.10.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-8.1-116, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-8.1-116.