North Dakota § 41-08-04 - (8-104) Acquisition of security or financial asset or interest therein
Full text of North Dakota North Dakota Century Code § 41-08-04 — (8-104) Acquisition of security or financial asset or interest therein, with citation guidance and answers to common questions.
§ 41-08-04. (8-104) Acquisition of security or financial asset or interest therein
1. A person acquires a security or an interest therein, under this chapter, if: a. The person is a purchaser to whom a security is delivered pursuant to section 41-08-27; or b. The person acquires a security entitlement to the security pursuant to section 41-08-41. 2. A person acquires a financial asset, other than a security, or an interest therein, under this chapter, if the person acquires a security entitlement to the financial asset. 3. A person who acquires a security entitlement to a security or other financial asset has the rights specified in sections 41-08-41 through 41-08-51, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in section 41-08-43. 4. Unless the context shows that a different meaning is intended, a person who is required by other law, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the possession of another person a security or financial asset satisfies that requirement by causing the other person to acquire an interest in the security or financial asset pursuant to subsection 1 or 2.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 41-08-04
What does North Dakota Century Code § 41-08-04 cover?
Section 41-08-04 ("(8-104) Acquisition of security or financial asset or interest therein") is part of the North Dakota Century Code, the codified statutory law of North Dakota. 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 North Dakota § 41-08-04?
A common citation format is "North Dakota Century Code § 41-08-04" (North Dakota). 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 North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 41-08-04 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota 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 North Dakota.