2017 Alaska Statutes
Title 45. Trade and Commerce
Chapter 08. Investment Securities
Article 1. Short Title and General Matters
Sec. 45.08.116. Securities intermediary as purchaser for value.

Universal Citation: AK Stat § 45.08.116 (2017)

A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.

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