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2018 Minnesota Statutes
Chapters 324 - 341 — TRADE REGULATIONS, CONSUMER PROTECTION
Chapter 336 — UNIFORM COMMERCIAL CODE
Section 336.8-116 — SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE.
Universal Citation: MN Stat § 336.8-116 (2018)
336.8-116 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.
History: 1995 c 194 art 1 s 16
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