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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 8. Investment Securities
Section 116. Securities Intermediary as Purchaser For Value.
previous: Section 115. Securities Intermediary and Others Not Liable to Adverse Claimant.
next: Section 201. "Issuer".

AS 45.08.116. 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.

Article 02. ISSUE - ISSUER


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Last modified 9/3/2005