New Mexico § 55-8-104 Acquisition of security or financial asset or interest

New Mexico Statutes

§ 55-8-104 — Acquisition of security or financial asset or interest

New Mexico § 55-8-104

Ch. 55Uniform Commercial Code

Art. 8Investment Securities

This text of New Mexico § 55-8-104 (Acquisition of security or financial asset or interest) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-8-104 (2026).

Text

therein.

(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 Section 55-8-301 NMSA 1978; or (2) the person acquires a security entitlement to the security pursuant to Section 55-8-501 NMSA 1978.

(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 Part 5 of this article, 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 55-8-503 NMSA 1978.

(d)Unl

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therein. (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 Section 55-8-301 NMSA 1978; or (2) the person acquires a security entitlement to the security pursuant to Section 55-8-501 NMSA 1978. (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 Part 5 of this article, 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 55-8-503 NMSA 1978. (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).