§25‑8‑104. Acquisition of security or financial asset or interesttherein.
(a) A person acquires asecurity or an interest therein, under this Article, if:
(1) The person is apurchaser to whom a security is delivered pursuant to G.S. 25‑8‑301;or
(2) The person acquiresa security entitlement to the security pursuant to G.S. 25‑8‑501.
(b) A person acquires afinancial asset, other than a security, or an interest therein, under thisArticle, if the person acquires a security entitlement to the financial asset.
(c) A person whoacquires a security entitlement to a security or other financial asset has therights specified in Part 5 of this Article, but is a purchaser of any security,security entitlement, or other financial asset held by the securities intermediaryonly to the extent provided in G.S. 25‑8‑503.
(d) Unless the contextshows that a different meaning is intended, a person who is required by otherlaw, regulation, rule, or agreement to transfer, deliver, present, surrender,exchange, or otherwise put in the possession of another person a security orfinancial asset satisfies that requirement by causing the other person toacquire an interest in the security or financial asset pursuant to subsection(a) or (b) of this section. (1965, c. 700, s. 1; 1989, c.588, s. 1; 1997‑181, s. 1.)
§25‑8‑104. Acquisition of security or financial asset or interesttherein.
(a) A person acquires asecurity or an interest therein, under this Article, if:
(1) The person is apurchaser to whom a security is delivered pursuant to G.S. 25‑8‑301;or
(2) The person acquiresa security entitlement to the security pursuant to G.S. 25‑8‑501.
(b) A person acquires afinancial asset, other than a security, or an interest therein, under thisArticle, if the person acquires a security entitlement to the financial asset.
(c) A person whoacquires a security entitlement to a security or other financial asset has therights specified in Part 5 of this Article, but is a purchaser of any security,security entitlement, or other financial asset held by the securities intermediaryonly to the extent provided in G.S. 25‑8‑503.
(d) Unless the contextshows that a different meaning is intended, a person who is required by otherlaw, regulation, rule, or agreement to transfer, deliver, present, surrender,exchange, or otherwise put in the possession of another person a security orfinancial asset satisfies that requirement by causing the other person toacquire an interest in the security or financial asset pursuant to subsection(a) or (b) of this section. (1965, c. 700, s. 1; 1989, c.588, s. 1; 1997‑181, s. 1.)
§25‑8‑104. Acquisition of security or financial asset or interesttherein.
(a) A person acquires asecurity or an interest therein, under this Article, if:
(1) The person is apurchaser to whom a security is delivered pursuant to G.S. 25‑8‑301;or
(2) The person acquiresa security entitlement to the security pursuant to G.S. 25‑8‑501.
(b) A person acquires afinancial asset, other than a security, or an interest therein, under thisArticle, if the person acquires a security entitlement to the financial asset.
(c) A person whoacquires a security entitlement to a security or other financial asset has therights specified in Part 5 of this Article, but is a purchaser of any security,security entitlement, or other financial asset held by the securities intermediaryonly to the extent provided in G.S. 25‑8‑503.
(d) Unless the contextshows that a different meaning is intended, a person who is required by otherlaw, regulation, rule, or agreement to transfer, deliver, present, surrender,exchange, or otherwise put in the possession of another person a security orfinancial asset satisfies that requirement by causing the other person toacquire an interest in the security or financial asset pursuant to subsection(a) or (b) of this section. (1965, c. 700, s. 1; 1989, c.588, s. 1; 1997‑181, s. 1.)
