2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 81 - Short Title and General Matters
8104 - Acquisition of security or financial asset or interest therein.

     § 8104.  Acquisition of security or financial asset or interest
                therein.
        (a)  Acquisition of security or interest therein.--A person
     acquires a security or an interest therein under this division
     if:
            (1)  the person is a purchaser to whom a security is
        delivered pursuant to section 8301 (relating to delivery); or
            (2)  the person acquires a security entitlement to the
        security pursuant to section 8501 (relating to securities
        account; acquisition of security entitlement from securities
        intermediary).
        (b)  Acquisition of financial asset or interest therein.--A
     person acquires a financial asset, other than a security, or an
     interest therein under this division if the person acquires a
     security entitlement to the financial asset.
        (c)  Acquisition of security entitlement.--A person who
     acquires a security entitlement to a security or other financial
     asset has the rights specified in Chapter 85 (relating to
     security entitlements) 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
     8503 (relating to property interest of entitlement holder in
     financial asset held by securities intermediary).
        (d)  Satisfaction of possession requirement.--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).