Wisconsin § 408.116 Securities intermediary as purchaser for value.

Wisconsin Statutes

§ 408.116 — Securities intermediary as purchaser for value.

Wisconsin § 408.116

Ch. 408Uniform commercial code — investment securities

Subch.subch. I of ch. 408 SUBCHAPTER I

GENERAL MATTERS

This text of Wisconsin § 408.116 (Securities intermediary as purchaser for value.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.116 (2026).

Text

408.116  A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.

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408.116 A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.