Illinois Code § 810 ILCS 5/8-104

Acquisition of security or financial
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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 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).

delivered pursuant to Section 8-301; or
security pursuant to Section 8-501.

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