# Idaho Code § 28-8-104: 28-8-104 ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN

> Idaho · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-104

## Section

- **Citation:** Idaho Code § 28-8-104
- **Heading:** 28-8-104 ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN
- **Jurisdiction:** Idaho
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Idaho Code / Title 28 / Chapter 8 / Section 28-8-104

## Text

PART 1.

SHORT TITLE AND GENERAL MATTERS

28-8-104. 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 28-8-301; or

(b) The person acquires a security entitlement to the security pursuant to section 28-8-501.

(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 part 5 of this chapter, 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 28-8-503.

(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) of this section.

History:

[28-8-104, added 1995, ch. 272, sec. 2, p. 877.]

## Nearby sections

- [Idaho Code § 28-8-101 28-8-101 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-101.md)
- [Idaho Code § 28-8-102 28-8-102 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-102.md)
- [Idaho Code § 28-8-103 28-8-103 RULES FOR DETERMINING WHETHER CERTAIN OBLIGATIONS AND INTERESTS ARE SECURITIES OR FINANCIAL ASSETS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-103.md)
- [Idaho Code § 28-8-104 28-8-104 ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-104.md)
- [Idaho Code § 28-8-105 28-8-105 NOTICE OF ADVERSE CLAIM.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-105.md)
- [Idaho Code § 28-8-106 28-8-106 CONTROL.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-106.md)
- [Idaho Code § 28-8-107 28-8-107 WHETHER INDORSEMENT, INSTRUCTION OR ENTITLEMENT ORDER IS EFFECTIVE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-107.md)
- [Idaho Code § 28-8-108 28-8-108 WARRANTIES IN DIRECT HOLDING.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-108.md)
- [Idaho Code § 28-8-109 28-8-109 WARRANTIES IN INDIRECT HOLDING.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-109.md)
- [Idaho Code § 28-8-110 28-8-110 APPLICABILITY AND CHOICE OF LAW.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-110.md)
- [Idaho Code § 28-8-111 28-8-111 CLEARING CORPORATION RULES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-111.md)
- [Idaho Code § 28-8-112 28-8-112 CREDITOR'S LEGAL PROCESS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-112.md)
- [Idaho Code § 28-8-113 28-8-113 STATUTE OF FRAUDS INAPPLICABLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-113.md)
- [Idaho Code § 28-8-114 28-8-114 EVIDENTIARY RULES CONCERNING CERTIFICATED SECURITIES.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-114.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C8_S28-8-104. Check the current official text before relying on it. Not legal advice.