104.8104 - Acquisition of security or financial asset or interest therein. - Nevada Statutes

104.8104  Acquisition of security or financial asset or interest therein.

      1.  A person acquires a security, or an interest therein, under this article, if the person:

      (a) Is a purchaser to whom a security is delivered pursuant to NRS 104.8301; or

      (b) Acquires a security entitlement to the security pursuant to NRS 104.8501.

      2.  A person acquires a financial asset, other than a security, or an interest therein, under this article, 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 part 5 of this article, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in NRS 104.8503.

      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.

      (Added to NRS by 1997, 360)