47-8104. Acquisition of security or financial
asset or interest therein
A. A person acquires a security or an interest therein, under this chapter, if:
1. The person is a purchaser to whom a security is delivered pursuant to section
47-8301.
2. The person acquires a security entitlement to the security pursuant to section
47-8501.
B. A person acquires a financial asset, other than a security, or an interest
therein, under this chapter, 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 article 5 of this chapter, 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 47-8503.
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 of this
section.
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