Kansas § 84-8-104 Acquisition of security or financial asset or interest therein

Kansas Statutes

§ 84-8-104 — Acquisition of security or financial asset or interest therein

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 8 INVESTMENT SECURITIES

(a)A person acquires a security or an interest therein, under this article, if:

(1)The person is a purchaser to whom a security is delivered pursuant to K.S.A. 84-8-301; or

(2)the person acquires a security entitlement to the security pursuant to K.S.A. 84-8-501.

(b)A person acquires a financial asset, other than a security, or an interest therein, under this article, if the person acquires a security entitlement to the financial asset.

(c)A person who acquires a security entitlement to a security or other financial asset has the rights specified in K.S.A. 84-8-501 through 84-8-511, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in K.S.A. 84-8-503.

(d)Unless the context shows that a dif

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(a) A person acquires a security or an interest therein, under this article, if:
(1) The person is a purchaser to whom a security is delivered pursuant to K.S.A. 84-8-301; or
(2) the person acquires a security entitlement to the security pursuant to K.S.A. 84-8-501.
(b) A person acquires a financial asset, other than a security, or an interest therein, under this article, if the person acquires a security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in K.S.A. 84-8-501 through 84-8-511, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in K.S.A. 84-8-503.
(d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b).

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