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2009 Kentucky Revised Statutes
Article 8 Investment Securities
355.8.116 Securities intermediary as purchaser for value.

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Page 1 of 1 355.8-116 Securities intermediary as purchaser for value. A securities intermediary that receives a financial asset and establishes a security <br>entitlement to the financial asset in favor of an entitlement holder is a purchaser for value <br>of the financial asset. A securities intermediary that acquires a security entitlement to a <br>financial asset from another securities intermediary acquires the security entitlement for <br>value if the securities intermediary acquiring the security entitlement establishes a <br>security entitlement to the financial asset in favor of an entitlement holder. Effective: January 1, 1997 <br>History: Created 1996 Ky. Acts ch. 130, sec. 129, effective January 1, 1997.

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