Kan. Stat. § 84-8-116
Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
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.
K.S.A. 84-8-116