Massachusetts General Laws
Article 8 - Investment Securities
Section 8-104 - Acquisition of Security or Financial Asset or Interest Therein

Section 8–104. (a) A person acquires a security or an interest therein, under this article, if:
(1) the person is a purchaser to whom a security is delivered pursuant to section 8–301; or
(2) the person acquires a security entitlement to the security pursuant to section 8–501.
(b) A person acquires a financial asset, other than a security, or an interest therein, under this article, if the person acquires a security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in section 8–503.
(d) Unless 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 (a) or (b).

Structure Massachusetts General Laws

Massachusetts General Laws

Part I - Administration of the Government

Title XV - Regulation of Trade

Chapter 106 - Uniform Commercial Code

Article 8 - Investment Securities

Section 8-404 - Wrongful Registration

Section 8-403 - Demand That Issuer Not Register Transfer

Section 8-402 - Assurance That Indorsement or Instruction Is Effective

Section 8-401 - Duty of Issuer to Register Transfer

Section 8-305 - Instruction

Section 8-304 - Indorsement

Section 8-303 - Protected Purchaser

Section 8-405 - Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate

Section 8-306 - Effect of Guaranteeing Signature, Indorsement, or Instruction

Section 8-406 - Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate

Section 8-509 - Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder

Section 8-501 - Securities Account; Acquisition of Security Entitlement From Securities Intermediary

Section 8-502 - Assertion of Adverse Claim Against Entitlement Holder

Section 8-503 - Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary

Section 8-504 - Duty of Securities Intermediary to Maintain Financial Asset

Section 8-505 - Duty of Securities Intermediary With Respect to Payments and Distributions

Section 8-506 - Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder

Section 8-507 - Duty of Securities Intermediary to Comply With Entitlement Order

Section 8-508 - Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding

Section 8-510 - Rights of Purchaser of Security Entitlement From Entitlement Holder

Section 8-511 - Priority Among Security Interests and Entitlement Holders

Section 8-302 - Rights of Purchaser

Section 8-407 - Authenticating Trustee, Transfer Agent, and Registrar

Section 8-301 - Delivery

Section 8-307 - Purchaser's Right to Requisites for Registration of Transfer

Section 8-209 - Issuer's Lien

Section 8-101 - Short Title

Section 8-210 - Overissue

Section 8-102 - Definitions

Section 8-103 - Rules for Determining Whether Certain Obligations and Interests Are Securities or Financial Assets

Section 8-104 - Acquisition of Security or Financial Asset or Interest Therein

Section 8-105 - Notice of Adverse Claim

Section 8-106 - Control

Section 8-107 - Whether Indorsement, Instruction, or Entitlement Order Is Effective

Section 8-108 - Warranties in Direct Holding

Section 8-109 - Warranties in Indirect Holding

Section 8-110 - Applicability; Choice of Law

Section 8-111 - Clearing Corporation Rules

Section 8-207 - Rights and Duties of Issuer With Respect to Registered Owners

Section 8-113 - Statute of Frauds Inapplicable

Section 8-208 - Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent

Section 8-112 - Creditor's Legal Process

Section 8-205 - Effect of Unauthorized Signature on Security Certificate

Section 8-204 - Effect of Issuer's Restriction on Transfer

Section 8-203 - Staleness as Notice of Defect or Defense

Section 8-206 - Completion or Alteration of Security Certificate

Section 8-201 - Issuer

Section 8-116 - Securities Intermediary as Purchaser for Value

Section 8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant

Section 8-114 - Evidentiary Rules Concerning Certificated Securities

Section 8-202 - Issuer's Responsibility and Defenses; Notice of Defect or Defense