§490:8-116  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. [L 1997, c 33, pt of §2]