Conn. Gen. Stat. § 42a-8-116
Current with legislation from the 2024 Regular and Special Sessions.
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.
Conn. Gen. Stat. § 42a-8-116
( P.A. 97-182, S. 16.)