State Codes and Statutes
Statutes > Minnesota > 324-338 > 336 > 336_8-116336.8-116 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.
History:
1995 c 194 art 1 s 16
