Section 8-1104 - Acquisition of security or financial asset or interest in a security or financial asset(1). A person acquires a security or an interest in a security, under this Article if: (a). The person is a purchaser to whom a security is delivered pursuant to section 8-1301; or [1997, c. 429, Pt. B, §2 (NEW).](b). The person acquires a security entitlement to the security pursuant to section 8-1501. [1997, c. 429, Pt. B, §2 (NEW).] [1997, c. 429, Pt. B, §2 (NEW).]
(2). A person acquires a financial asset, other than a security or an interest in a security, under this Article if the person acquires a security entitlement to the financial asset. [1997, c. 429, Pt. B, §2 (NEW).]
(3). A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5 but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in Section 8-1503. [1997, c. 429, Pt. B, §2 (NEW).]
(4). Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule or agreement to transfer, deliver, present, surrender, exchange or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection (1) or (2). [1997, c. 429, Pt. B, §2 (NEW).]
1997, c. 429, §B2 (NEW) .