Wash. Rev. Code § 62A.8-116
Current through the 2024 Regular Session
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.
RCW 62A.8-116
Effective date-1995 c 48: See RCW 62A.11-113.