- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 8. Investment Securities
- Section 116. Securities Intermediary as Purchaser For Value.
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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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