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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62182</law_id><section_number>8.8A-104</section_number><catch_line>Acquisition of security or financial asset or interest therein</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.8A">Commercial Code &#x2014; Investment Securities</unit><unit label="part" level="2" order_by="1" identifier="1">Short Title and General Matters</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> A person acquires a security or an interest therein, under this title, if: <a id="paragraph-226813" class="section-permalink" href="https://vacode.org/8.8A-104/#a"><i class="fa fa-link"/></a></p></section>
						<section id="a1" class="indent-1"><p><span class="prefix-number">1.</span> the person is a purchaser to whom a security is delivered pursuant to &#xA7; <a class="law" title="Delivery" href="/8.8A-301/">8.8A-301</a>; or <a id="paragraph-226814" class="section-permalink" href="https://vacode.org/8.8A-104/#a1"><i class="fa fa-link"/></a></p></section>
						<section id="a2" class="indent-1"><p><span class="prefix-number">2.</span> the person acquires a security entitlement to the security pursuant to &#xA7; <a class="law" title="Securities account; acquisition of security entitlement from securities intermediary" href="/8.8A-501/">8.8A-501</a>. <a id="paragraph-226815" class="section-permalink" href="https://vacode.org/8.8A-104/#a2"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> 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. <a id="paragraph-226816" class="section-permalink" href="https://vacode.org/8.8A-104/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> 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 &#xA7; <a class="law" title="Property interest of entitlement holder in financial asset held by securities intermediary" href="/8.8A-503/">8.8A-503</a>. <a id="paragraph-226817" class="section-permalink" href="https://vacode.org/8.8A-104/#c"><i class="fa fa-link"/></a></p></section>
						<section id="d"><p><span class="prefix-number">d.</span> Unless the context shows that a different meaning is intended, a person who is required by other <span class="dictionary">law</span>, regulation, rule, or agreement to transfer, deliver, present, surrender, exchange, or otherwise put in the <span class="dictionary">possession</span> 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). <a id="paragraph-226818" class="section-permalink" href="https://vacode.org/8.8A-104/#d"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 216.</history><metadata></metadata></law>
