§ 34.1-8-104 — Acquisition of security or financial asset or interest therein

Wyoming § 34.1-8-104

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 8: INVESTMENT SECURITIES

Text

(a) A person acquires a security or an interest therein,
under this article, if:
(i) The person is a purchaser to whom a security is
delivered pursuant to W.S. 34.1-8-301; or
(ii) The person acquires a security entitlement to
the security pursuant to W.S. 34.1-8-501.
(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, but is a purchaser of any security, security
entitlement, or other financial asset held by the securities
intermediary only to the extent provided in W.S. 34.1-8-503.
(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) of this
section.