Delaware Code Title 6. Commerce and Trade § 8-116. Securities intermediary as purchaser for value
Current as of January 01, 2022 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Delaware Code Title 6. Commerce and Trade § 8-116. Securities intermediary as purchaser for value - last updated January 01, 2022 | https://codes.findlaw.com/de/title-6-commerce-and-trade/de-code-sect-6-116-nr3/
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