Alabama § 7-8-116 - Securities Intermediary as Purchaser for Value.
Full text of Alabama Code of Alabama § 7-8-116 — Securities Intermediary as Purchaser for Value., with citation guidance and answers to common questions.
§ 7-8-116. 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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-8-116
What does Code of Alabama § 7-8-116 cover?
Section 7-8-116 ("Securities Intermediary as Purchaser for Value.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-8-116?
A common citation format is "Code of Alabama § 7-8-116" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-8-116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.