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

North Dakota Statutes

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

North Dakota § 41-08-41

Title 41Uniform Commercial Code

Ch. 41-08Investment Securities

This text of North Dakota § 41-08-41 ((8-501) Securities account - Acquisition of security entitlement from securities intermediary) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-08-41 (2026).

Text

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 cau

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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.