SECTION 678.1041. Acquisition of security or financial asset or interest therein.

Latest version.

1(1) 2A person acquires a security or an interest therein, under this chapter, if:
15(a) 16The person is a purchaser to whom a security is delivered pursuant to s. 30678.3011; 31or
32(b) 33The person acquires a security entitlement to the security pursuant to s. 45678.501146.
47(2) 48A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset.
76(3) 77A person who acquires a security entitlement to a security or other financial asset has the rights specified in part V, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in s. 123678.5031124.
125(4) 126Unless 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 subsection (2).

History.-s. 1, ch. 98-11.

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