2006 New York Code - Acquistion Of Security Or Financial Assest Or Interest Therein.

 
  Section 8--104. Acquisition  of  Security or Financial Asset or Interest
                    Therein.
    (a) A person acquires a security or an interest  therein,  under  this
  Article, if:
         (1) the  person  is  a  purchaser to whom a security is delivered
             pursuant to Section 8--301; or
         (2) the person acquires a security entitlement  to  the  security
             pursuant to Section 8--501.
    (b) A  person acquires a financial asset, other than a security, or an
  interest therein, under this Article, if the person acquires a  security
  entitlement to the financial asset.
    (c) A  person  who  acquires  a  security entitlement to a security or
  other financial asset has the rights specified  in  Part  5,  but  is  a
  purchaser  of  any  security,  security  entitlement, or other financial
  asset held by the securities intermediary only to the extent provided in
  Section 8--503.
    (d) Unless the context shows that a different meaning is  intended,  a
  person  who  is required by other law, regulation, rule, or agreement to
  transfer, deliver, present, surrender, exchange, or otherwise put in the
  possession of another person a security  or  financial  asset  satisfies
  that  requirement  by causing the other person to acquire an interest in
  the security or financial asset pursuant to subsection (a) or (b).