Securities intermediary as purchaser for value.

Del. Code tit. 6, § 8-116
in effect
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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.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title6/c008/sc01/index.htmlFetched: 10/4/2026

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