La. Stat. tit. 10 § 8-116
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 1-3, 6-671
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.
La. R.S. § 10:8-116