§ 41-08-41 — (8-501) Securities account - Acquisition of security entitlement from securities intermediary

2. A person acquires a financial asset, other than a security, or an interest therein, under
this chapter, if the person acquires a security entitlement to the financial asset.
3. A person who acquires a security entitlement to a security or other financial asset has
the rights specified in sections 41-08-41 through 41-08-51, but is a purchaser of any
security, security entitlement, or other financial asset held by the securities
intermediary only to the extent provided in section 41-08-43.
4. 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 1 or 2.