§ 34.1-8-116 — Securities intermediary as purchaser for value

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.
PART 2
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