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United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:8-104

This section explains when a person is treated as acquiring a security or financial asset, and when that person has the rights of a security entitlement holder.

asset transfersecurity entitlement
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United States — Louisiana
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“This section explains when a person is treated as acquiring a security or financial asset, and when that person has the rights of a security entitlement holder.”

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RS 10:8-104

This section explains when a person is treated as acquiring a security or financial asset, and when that person has the rights of a security entitlement holder.

Section 10:8-104

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§ 10:8-104RS 10:8-104Provision

This section explains when a person is treated as acquiring a security or financial asset, and when that person has the rights of a security entitlement holder.

§8-104. Acquisition of security or financial 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 delivered pursuant to R.S. 10:8-301; or (2) the person acquires a security entitlement to the security pursuant to R.S. 10:8-501. (b) A person acquires a financial asset, other than a security, or an interest therein, under this Chapter, if the person acquires a security entitlement to the financial asset. (c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in R.S. 10:8-503. (d) Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (a) or (b). Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan. 1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
Section 10:8-104Verify source

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