California § 8116 - A securities intermediary that receives a financial asset and establishes a secur
Full text of California Public Contract Code - PCC § 8116 — A securities intermediary that receives a financial asset and establishes a secur, with citation guidance and answers to common questions.
§ 8116. A securities intermediary that receives a financial asset and establishes a secur
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 California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8116
What does Public Contract Code - PCC § 8116 cover?
Section 8116 ("A securities intermediary that receives a financial asset and establishes a secur") is part of the Public Contract Code - PCC, the codified statutory law of California. 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 California § 8116?
A common citation format is "Public Contract Code - PCC § 8116" (California). 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 California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 8116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California 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 California.