§ 678.1161, Fla. Stat. · Part I. SHORT TITLE AND GENERAL MATTERS
Securities intermediary as purchaser for value.
Text — 2026 Florida Statutes
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.
Notes and commentary — not statutory text
History
s. 1, ch. 98-11.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0678/0678.html
- Text hash
- sha256 5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.