Securities intermediary as purchaser for value

Wis. Stat. § 408.116
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/408.116Fetched: 10/7/2026