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Fla. Stat. § 678.1161 (2025)

Securities intermediary as purchaser for value.

✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.
History.—s. 1, ch. 98-11.

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