Mo. Rev. Stat. § 400.8-116
Securities intermediary as purchaser for value
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 1997-08-28
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- Citation
- Mo. Rev. Stat. § 400.8-116, Securities intermediary as purchaser for value, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815183
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Full text
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.