The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 8-104)
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§ 8—104. Acquisition of security or financial asset or interest therein
(a) A person acquires a security or an interest therein, under this article, if:
(1) the person is a purchaser to whom a security is delivered pursuant to section 8—301 of this title; or
(2) the person acquires a security entitlement to the security pursuant to section 8—501 of this title.
(b) 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.
(c) 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 section 8—503 of this title.
(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) of this section. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)