(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) of this section.
Structure West Virginia Code
Chapter 46. Uniform Commercial Code
Article 8. Investment Securities
§46-8-104. Acquisition of Security or Financial Asset or Interest Therein
§46-8-105. Notice of Adverse Claim
§46-8-107. Whether Indorsement, Instruction or Entitlement Order Is Effective
§46-8-108. Warranties in Direct Holding
§46-8-109. Warranties in Indirect Holding
§46-8-110. Applicability; Choice of Law
§46-8-111. Clearing Corporation Rules
§46-8-112. Creditor's Legal Process
§46-8-113. Statute of Frauds Inapplicable
§46-8-114. Evidentiary Rules Concerning Certificated Securities
§46-8-115. Securities Intermediary and Others Not Liable to Adverse Claimant
§46-8-116. Securities Intermediary as Purchaser for Value
§46-8-202. Issuer's Responsibility and Defenses; Notice of Defect or Defense
§46-8-203. Staleness as Notice of Defect or Defense
§46-8-204. Effect of Issuer's Restriction on Transfer
§46-8-205. Effect of Unauthorized Signature on Security Certificate
§46-8-206. Completion or Alteration of Security Certificate
§46-8-207. Rights and Duties of Issuer With Respect to Registered Owners
§46-8-208. Effect of Signature of Authenticating Trustee, Registrar, or Transfer Agent
§46-8-302. Rights of Purchaser
§46-8-303. Protected Purchaser
§46-8-306. Effect of Guaranteeing Signature, Indorsement, or Instruction
§46-8-307. Purchaser's Right to Requisites for Registration of Transfer
§46-8-401. Duty of Issuer to Register Transfer
§46-8-402. Assurance That Indorsement or Instruction Is Effective
§46-8-403. Demand That Issuer Not Register Transfer
§46-8-404. Wrongful Registration
§46-8-405. Replacement of Lost, Destroyed, or Wrongfully Taken Security Certificate
§46-8-406. Obligation to Notify Issuer of Lost, Destroyed, or Wrongfully Taken Security Certificate
§46-8-407. Authenticating Trustee, Transfer Agent and Registrar
§46-8-501. Securities Account; Acquisition of Security Entitlement From Securities Intermediary
§46-8-502. Assertion of Adverse Claim Against Entitlement Holder
§46-8-504. Duty of Securities Intermediary to Maintain Financial Asset
§46-8-505. Duty of Securities Intermediary With Respect to Payments and Distributions
§46-8-506. Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder
§46-8-507. Duty of Securities Intermediary to Comply With Entitlement Order
§46-8-510. Rights of Purchaser of Security Entitlement From Entitlement Holder
§46-8-511. Priority Among Security Interests and Entitlement Holders