Wisconsin § 408.104 Acquisition of security or financial asset or interest therein.

Wisconsin Statutes

§ 408.104 — Acquisition of security or financial asset or interest therein.

Wisconsin § 408.104

Ch. 408Uniform commercial code — investment securities

Subch.subch. I of ch. 408 SUBCHAPTER I

GENERAL MATTERS

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Bluebook

Wis. Stat. § 408.104 (2026).

Text

104
104(1) (1) A person acquires a security or an interest therein, under this chapter, if:
104(1)(a) (a) The person is a purchaser to whom a security is delivered pursuant to s. 408.301 ; or
104(1)(b) (b) The person acquires a security entitlement to the security pursuant to s. 408.501 .
104(2) (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.
104(3) (3) A person who acquires a security entitlement to a security or other financial asset has the rights specified in subch. V , but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in s. 408.503 .
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408.104
408.104(1) (1) A person acquires a security or an interest therein, under this chapter, if:
408.104(1)(a) (a) The person is a purchaser to whom a security is delivered pursuant to s. 408.301 ; or
408.104(1)(b) (b) The person acquires a security entitlement to the security pursuant to s. 408.501 .
408.104(2) (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.
408.104(3) (3) A person who acquires a security entitlement to a security or other financial asset has the rights specified in subch. V , but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in s. 408.503 .
408.104(4) (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 sub. (1) or (2) .