Minn. Stat. § 336.8-116
Current through Register Vol. 49, No. 8, August 19, 2024
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.
Minn. Stat. § 336.8-116
1995 c 194 art 1 s 16