2009 Hawaii Code
Volume 11
TITLE 27 - UNIFORM COMMERCIAL CODE
CHAPTER 490 - UNIFORM COMMERCIAL CODE
§490:8-104 - Acquisition of security or financial asset or interest therein.

     §490:8-104  Acquisition of security or financial asset or interest therein.  (a)  A person acquires a security or an interest therein, under this article, if:

     (1)  The person is a purchaser to whom a security is delivered pursuant to section 490:8-301; or

     (2)  The person acquires a security entitlement to the security pursuant to section 490:8-501.

     (b)  A person acquires a financial asset, other than a security, or an interest therein, under this article, 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 section 490:8-503.

     (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). [L 1997, c 33, pt of §2]