Section 7-8-116 Securities Intermediary as Purchaser for Value.
A securities intermediary is treated as a purchaser for value when it receives a financial asset and establishes a security entitlement for an entitlement holder.
- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
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financial assets securities intermediary security entitlement
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Section 7-8-116 Securities Intermediary as Purchaser for Value.
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