Colo. Rev. Stat. § 4-8-116
Securities intermediary as purchaser for value
Colorado · Colorado Revised Statutes Title 4 — Uniform Commercial Code · Status: effective
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- Citation
- Colo. Rev. Stat. § 4-8-116, Securities intermediary as purchaser for value, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2283206
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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.