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. CHAPTER 82 ISSUE AND ISSUER Sec. 8201. Issuer. 8202. Issuer's responsibility and defenses; notice of defect or defense. 8203. Staleness as notice of defect or defense. 8204. Effect of issuer's restriction on transfer. 8205. Effect of unauthorized signature on security certificate. 8206. Completion or alteration of security certificate. 8207. Rights and duties of issuer with respect to registered owners. 8208. Effect of signature of authenticating trustee, registrar or transfer agent. 8209. Issuer's lien. 8210. Overissue. Prior Provisions. Former Chapter 82, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed May 22, 1996, P.L.248, No.44, effective in 180 days.
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