N.H. Rev. Stat. § 382-A:8-116

Current through Chapter 94 of the 2024 Legislative Session
Section 382-A:8-116 - Securities Intermediary as Purchaser for Value

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.

RSA 382-A:8-116

1998, 326:1, eff. Jan. 1, 1999.