State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-104

SECTION 6A-8-104

   § 6A-8-104  Acquisition of security orfinancial 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 deliveredpursuant to § 6A-8-301; or

   (2) the person acquires a security entitlement to thesecurity pursuant to § 6A-8-501.

   (b) A person acquires a financial asset, other than asecurity, or an interest therein, under this chapter, if the person acquires asecurity entitlement to the financial asset.

   (c) A person who acquires a security entitlement to asecurity or other financial asset has the rights specified in part 5 of thischapter, but is a purchaser of any security, security entitlement, or otherfinancial asset held by the securities intermediary only to the extent providedin § 6A-8-503.

   (d) Unless the context shows that a different meaning isintended, a person who is required by other law, regulation, rule, or agreementto transfer, deliver, present, surrender, exchange, or otherwise put in thepossession of another person a security or financial asset satisfies thatrequirement by causing the other person to acquire an interest in the securityor financial asset pursuant to subsection (a) or (b).

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-104

SECTION 6A-8-104

   § 6A-8-104  Acquisition of security orfinancial 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 deliveredpursuant to § 6A-8-301; or

   (2) the person acquires a security entitlement to thesecurity pursuant to § 6A-8-501.

   (b) A person acquires a financial asset, other than asecurity, or an interest therein, under this chapter, if the person acquires asecurity entitlement to the financial asset.

   (c) A person who acquires a security entitlement to asecurity or other financial asset has the rights specified in part 5 of thischapter, but is a purchaser of any security, security entitlement, or otherfinancial asset held by the securities intermediary only to the extent providedin § 6A-8-503.

   (d) Unless the context shows that a different meaning isintended, a person who is required by other law, regulation, rule, or agreementto transfer, deliver, present, surrender, exchange, or otherwise put in thepossession of another person a security or financial asset satisfies thatrequirement by causing the other person to acquire an interest in the securityor financial asset pursuant to subsection (a) or (b).


State Codes and Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-104

SECTION 6A-8-104

   § 6A-8-104  Acquisition of security orfinancial 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 deliveredpursuant to § 6A-8-301; or

   (2) the person acquires a security entitlement to thesecurity pursuant to § 6A-8-501.

   (b) A person acquires a financial asset, other than asecurity, or an interest therein, under this chapter, if the person acquires asecurity entitlement to the financial asset.

   (c) A person who acquires a security entitlement to asecurity or other financial asset has the rights specified in part 5 of thischapter, but is a purchaser of any security, security entitlement, or otherfinancial asset held by the securities intermediary only to the extent providedin § 6A-8-503.

   (d) Unless the context shows that a different meaning isintended, a person who is required by other law, regulation, rule, or agreementto transfer, deliver, present, surrender, exchange, or otherwise put in thepossession of another person a security or financial asset satisfies thatrequirement by causing the other person to acquire an interest in the securityor financial asset pursuant to subsection (a) or (b).