☰ Revisor of Missouri


Chapter 400

< > Effective - 28 Aug 1997    bottom

  400.8-104.  Acquisition of security or financial asset or interest therein. — (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 400.8-301; or

  (2)  The person acquires a security entitlement to the security pursuant to section 400.8-501.

  (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 sections 400.8-501 to 400.8-510, 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 400.8-503.

  (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).


(L. 1963 p. 503 § 8-104, A.L. 1992 S.B. 448, A.L. 1997 S.B. 6)

---- end of effective  28 Aug 1997 ----

use this link to bookmark section  400.8-104

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House