# N.J. Stat. § 12A:8-104: Acquisition of Security or Financial Asset or Interest Therein

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-104

## Section

- **Citation:** N.J. Stat. § 12A:8-104
- **Heading:** Acquisition of Security or Financial Asset or Interest Therein
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 12A / Chapter 8 / Section 8-104

## Text

a. A person acquires a security or an interest therein, under this chapter, if: (1) the person is a purchaser to whom a security is delivered pursuant to 12A:8-301; or (2) the person acquires a security entitlement to the security pursuant to 12A:8-501. b. 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. c. A person who acquires a security entitlement to a security or other financial asset has the rights specified in 12A:8-501 through 12A: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 12A: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. of this section. L.1997,c.252,s.1.

## Nearby sections

- [N.J. Stat. § 12A:8-101 Short Title.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-101.md)
- [N.J. Stat. § 12A:8-102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-102.md)
- [N.J. Stat. § 12A:8-103 Rule for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-103.md)
- [N.J. Stat. § 12A:8-104 Acquisition of Security or Financial Asset or Interest Therein.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-104.md)
- [N.J. Stat. § 12A:8-105 Notice of Adverse Claim.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-105.md)
- [N.J. Stat. § 12A:8-106 Control](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-106.md)
- [N.J. Stat. § 12A:8-107 Whether Indorsement, Instruction, or Entitlement Order is Effective.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-107.md)
- [N.J. Stat. § 12A:8-108 Warranties in Direct Holding.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-108.md)
- [N.J. Stat. § 12A:8-109 Warranties in Indirect Holding.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-109.md)
- [N.J. Stat. § 12A:8-110 Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-110.md)
- [N.J. Stat. § 12A:8-111 Clearing Corporation Rules.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-111.md)
- [N.J. Stat. § 12A:8-112 Creditor's Legal Process.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-112.md)
- [N.J. Stat. § 12A:8-113 Statute of Frauds Inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-113.md)
- [N.J. Stat. § 12A:8-114 Evidentiary Rules Concerning Certificated Securities.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T12A_C8_S8-104. Check the current official text before relying on it. Not legal advice.