There Is a Newer Version
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the Florida Statutes
2002 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES
PART I SHORT TITLE AND GENERAL MATTERS (ss. 678.1011-678.1171)
678.1161 Securities intermediary as purchaser for value.
678.1161 Securities intermediary as purchaser for value.--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.
History.--s. 1, ch. 98-11.
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