554.8116 Securities intermediary as purchaser for value. 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 valueof the financial asset. A securities intermediary that acquires a security entitlement to afinancial asset from another securities intermediary acquires the security entitlement forvalue if the securities intermediary acquiring the security entitlement establishes a securityentitlement to the financial asset in favor of an entitlement holder. 96 Acts, ch 1219, §30, 40 Sat Dec 23 01:58:15 2023 Iowa Code 2024, Section 554.8116 (24, 0)
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