# Ind. Code § 26-1-8.1-104: Acquisition of a security or financial asset

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-104

## Section

- **Citation:** Ind. Code § 26-1-8.1-104
- **Heading:** Acquisition of a security or financial asset
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 26 / Article 1 / Chapter 8.1 / Section 26-1-8.1-104

## Text

Sec. 104. (a) A person acquires a security or an interest therein, under IC 26-1-8.1, if:

(1) the person is a purchaser to whom a security is delivered under IC 26-1-8.1-301; or

(2) the person acquires a security entitlement to the security under IC 26-1-8.1-501.

(b) A person acquires a financial asset, other than a security, or an interest therein, under IC 26-1-8.1, 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 IC 26-1-8.1-501 through IC 26-1-8.1-511, but is a purchaser of any security, security entitlement, or other financial asset held by the securities intermediary only to the extent provided in IC 26-1-8.1-503.

(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 under subsection (a) or (b).

As added by P.L.247-1995, SEC.10.

## Nearby sections

- [Ind. Code § 26-1-8.1-0.1 Effect of enactment of chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-0.1.md)
- [Ind. Code § 26-1-8.1-0.3 Perfection of certain security interests; continuation of perfection](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-0.3.md)
- [Ind. Code § 26-1-8.1-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-101.md)
- [Ind. Code § 26-1-8.1-102 Definitions and index of definitions; principles of construction and interpretation; characterization of person, business, or transaction](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-102.md)
- [Ind. Code § 26-1-8.1-103 Classification as security or financial asset](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-103.md)
- [Ind. Code § 26-1-8.1-104 Acquisition of a security or financial asset](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-104.md)
- [Ind. Code § 26-1-8.1-105 Notice of adverse claim](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-105.md)
- [Ind. Code § 26-1-8.1-106 Control by purchaser; certificated security, uncertificated security, or security entitlement; agreement by issuer or securities intermediary to comply with purchaser's orders or instructions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-106.md)
- [Ind. Code § 26-1-8.1-107 Effectiveness of endorsement, instruction, or entitlement order](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-107.md)
- [Ind. Code § 26-1-8.1-108 Warranties upon purchase or transfer of security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-108.md)
- [Ind. Code § 26-1-8.1-109 Warranties made by and to a securities intermediary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-109.md)
- [Ind. Code § 26-1-8.1-110 Governing local law; determination of jurisdiction of issuer or securities intermediary](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-110.md)
- [Ind. Code § 26-1-8.1-111 Applicability of rules adopted by clearing corporations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-111.md)
- [Ind. Code § 26-1-8.1-112 Creditor access to debtor's interest in a security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-112.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T26_A1_C8.1_S26-1-8.1-104. Check the current official text before relying on it. Not legal advice.