§ 6A-8-104 - Acquisition of security or financial asset or interest therein.
SECTION 6A-8-104
§ 6A-8-104 Acquisition of security orfinancial asset or interest therein. – (a) A person acquires a security or an interest therein, under this chapter, if:
(1) the person is a purchaser to whom a security is deliveredpursuant to § 6A-8-301; or
(2) the person acquires a security entitlement to thesecurity pursuant to § 6A-8-501.
(b) A person acquires a financial asset, other than asecurity, or an interest therein, under this chapter, if the person acquires asecurity entitlement to the financial asset.
(c) A person who acquires a security entitlement to asecurity or other financial asset has the rights specified in part 5 of thischapter, but is a purchaser of any security, security entitlement, or otherfinancial asset held by the securities intermediary only to the extent providedin § 6A-8-503.
(d) Unless the context shows that a different meaning isintended, a person who is required by other law, regulation, rule, or agreementto transfer, deliver, present, surrender, exchange, or otherwise put in thepossession of another person a security or financial asset satisfies thatrequirement by causing the other person to acquire an interest in the securityor financial asset pursuant to subsection (a) or (b).