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2017 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
SECTION 34.1-8-116 - Securities intermediary as purchaser for value.
Universal Citation: WY Stat § 34.1-8-116 (2017)
34.1-8-116. 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.
PART 2
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