New Jersey § 12a:8-116
Full text of New Jersey New Jersey Statutes § 12a:8-116, with citation guidance and answers to common questions.
§ 12a:8-116.
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.
Frequently Asked Questions About New Jersey § 12a:8-116
What does New Jersey Statutes § 12a:8-116 cover?
Section 12a:8-116 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:8-116?
A common citation format is "New Jersey Statutes § 12a:8-116" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:8-116 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.