Fla. Stat. 678.1041
Acquisition of security or financial asset or interest therein

(1)

A person acquires a security or an interest therein, under this chapter, if:The person is a purchaser to whom a security is delivered pursuant to s. 678.3011; orThe person acquires a security entitlement to the security pursuant to s. 678.5011.

(a)

The person is a purchaser to whom a security is delivered pursuant to s. 678.3011; or

(b)

The person acquires a security entitlement to the security pursuant to s. 678.5011.

(2)

A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset.

(3)

A person who acquires a security entitlement to a security or other financial asset has the rights specified in part V, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in s. 678.5031.

(4)

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 (1) or subsection (2).

Source: Section 678.1041 — Acquisition of security or financial asset or interest therein, https://www.­flsenate.­gov/Laws/Statutes/2024/0678.­1041 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 678.1041. Acquisition of security or financial asset or interest therein's source at flsenate​.gov