# S.C. Code Ann. § 36-8-104: SECTION 36-8-104. Acquisition of security or financial asset or interest therein

> South Carolina · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-104

## Section

- **Citation:** S.C. Code Ann. § 36-8-104
- **Heading:** SECTION 36-8-104. Acquisition of security or financial asset or interest therein
- **Jurisdiction:** South Carolina
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SC Code / Title 36 / Chapter 8 / Section 36-8-104

## 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 Section 36-8-301; or (2) the person acquires a security entitlement to the security pursuant to Section 36-8-501. (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 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 Section 36-8-503. (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

- [S.C. Code Ann. § 36-8-101 SECTION 36-8-101. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-101.md)
- [S.C. Code Ann. § 36-8-102 SECTION 36-8-102. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-102.md)
- [S.C. Code Ann. § 36-8-103 SECTION 36-8-103. Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-103.md)
- [S.C. Code Ann. § 36-8-104 SECTION 36-8-104. Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-104.md)
- [S.C. Code Ann. § 36-8-105 SECTION 36-8-105. Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-105.md)
- [S.C. Code Ann. § 36-8-106 SECTION 36-8-106. Control.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-106.md)
- [S.C. Code Ann. § 36-8-107 SECTION 36-8-107. Whether indorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-107.md)
- [S.C. Code Ann. § 36-8-108 SECTION 36-8-108. Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-108.md)
- [S.C. Code Ann. § 36-8-109 SECTION 36-8-109. Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-109.md)
- [S.C. Code Ann. § 36-8-110 SECTION 36-8-110. Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-110.md)
- [S.C. Code Ann. § 36-8-111 SECTION 36-8-111. Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-111.md)
- [S.C. Code Ann. § 36-8-112 SECTION 36-8-112. Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-112.md)
- [S.C. Code Ann. § 36-8-113 SECTION 36-8-113. Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-113.md)
- [S.C. Code Ann. § 36-8-114 SECTION 36-8-114. Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SC_T36_C8_S36-8-104. Check the current official text before relying on it. Not legal advice.