State Codes and Statutes
Statutes > Idaho > Title28 > T28ch8 > T28ch8pt1 > T28ch8sect28-8-116COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 1.
SHORT TITLE AND GENERAL MATTERS
28-8-116. 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.
