Conn. Gen. Stat. § 42a-8-116

Current with legislation from 2024 effective through June 5, 2024.
Section 42a-8-116 - Securities intermediary as purchaser

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.)