2011 Louisiana Laws
Revised Statutes
TITLE 10 — Commercial laws
RS 10:8-116 — Securities intermediary as purchaser for value
§8-116. 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.
Acts 1995, No. 884, §1, eff. Jan. 1, 1996.
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