Fla. Stat. 678.1161
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 value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.

Source: Section 678.1161 — Securities intermediary as purchaser for value, https://www.­flsenate.­gov/Laws/Statutes/2024/0678.­1161 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 678.1161. Securities intermediary as purchaser for value's source at flsenate​.gov