§490:8-104  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 490:8-301; or



(2)  The person acquires a security entitlement to the
security pursuant to section 490:8-501.



(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 490:8-503.



(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). [L 1997, c 33,
pt of §2]