Virginia § 8.8A-104 - Acquisition of security or financial asset or interest therein
Full text of Virginia Code of Virginia § 8.8A-104 — Acquisition of security or financial asset or interest therein, with citation guidance and answers to common questions.
§ 8.8A-104. Acquisition of security or financial asset or interest therein
(a) A person acquires a security or an interest therein, under this title, if:
(1) the person is a purchaser to whom a security is delivered pursuant to § 8.8A-301; or
(2) the person acquires a security entitlement to the security pursuant to § 8.8A-501.
(b) A person acquires a financial asset, other than a security, or an interest therein, under this title, if the person acquires a security entitlement to the financial asset.
(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in § 8.8A-503.
(d) 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 (a) or (b).
1996, c. 216.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 8.8A-104
What does Code of Virginia § 8.8A-104 cover?
Section 8.8A-104 ("Acquisition of security or financial asset or interest therein") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 8.8A-104?
A common citation format is "Code of Virginia § 8.8A-104" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 8.8A-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.