Sec. 104. (a) A person acquires a security or an interest therein, under IC 26-1-8.1 , if: (1) the person is a purchaser to whom a security is delivered under IC 26-1-8.1-301 ; or (2) the person acquires a security entitlement to the security under IC 26-1-8.1-501 . (b) A person acquires a financial asset, other than a security, or an interest therein, under IC 26-1-8.1 , 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 IC 26-1-8.1-501 through IC 26-1-8.1-511 , but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in IC 26-1-8.1-503 . (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 under subsection (a) or (b).
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