# K.S.A. § 84-8-104: 84-8-104 - Acquisition of security or financial asset or interest therein

> Kansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-104

## Section

- **Citation:** K.S.A. § 84-8-104
- **Heading:** 84-8-104 - Acquisition of security or financial asset or interest therein
- **Jurisdiction:** Kansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KS Code / Chapter 84 / Article 8 / Section 84-8-104

## Text

84-8-104. 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 K.S.A. 84-8-301; or

(2) the person acquires a security entitlement to the security pursuant to K.S.A. 84-8-501.

(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 K.S.A. 84-8-501 through 84-8-511, but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in K.S.A. 84-8-503.

(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 pursuant to subsection (a) or (b).

## Nearby sections

- [K.S.A. § 84-8-101 84-8-101 - Short title.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-101.md)
- [K.S.A. § 84-8-102 84-8-102 - Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-102.md)
- [K.S.A. § 84-8-103 84-8-103 - Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-103.md)
- [K.S.A. § 84-8-104 84-8-104 - Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-104.md)
- [K.S.A. § 84-8-105 84-8-105 - Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-105.md)
- [K.S.A. § 84-8-106 84-8-106 - Control.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-106.md)
- [K.S.A. § 84-8-107 84-8-107 - Whether indorsement, instruction or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-107.md)
- [K.S.A. § 84-8-108 84-8-108 - Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-108.md)
- [K.S.A. § 84-8-109 84-8-109 - Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-109.md)
- [K.S.A. § 84-8-110 84-8-110 - Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-110.md)
- [K.S.A. § 84-8-111 84-8-111 - Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-111.md)
- [K.S.A. § 84-8-112 84-8-112 - Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-112.md)
- [K.S.A. § 84-8-113 84-8-113 - Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-113.md)
- [K.S.A. § 84-8-114 84-8-114 - Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KS_C84_A8_S84-8-104. Check the current official text before relying on it. Not legal advice.