Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A securities intermediary must promptly obtain and maintain enough financial assets to match the security entitlements it has created, and it generally may not grant security interests in those assets unless the entitlement holder agrees.”
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02
How the instrument operates
- 01
Start with the recorded version
Undated source snapshot. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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A securities intermediary must promptly obtain and maintain enough financial assets to match the security entitlements it has created, and it generally may not grant security interests in those assets unless the entitlement holder agrees.
Section 10:8-504
04
Source and current-law status
Source record view
Source record from legis.la.gov · Undated source snapshot
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