Neb. U.C.C. § 8-116

Current with changes through the 2024 First Special Legislative Session
Section 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.

Neb. U.C.C. § 8-116

Laws 1995, LB 97, § 20.