# Tex. Business & Commerce Code § 8.104: ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.104

## Section

- **Citation:** Tex. Business & Commerce Code § 8.104
- **Heading:** ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code bc / 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 Section 8.301; or

(2) the person acquires a security entitlement to the security pursuant to Section 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 Subchapter E, 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 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

- [Tex. Business & Commerce Code § 8.101 § 8.101. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.101.md)
- [Tex. Business & Commerce Code § 8.102 § 8.102. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.102.md)
- [Tex. Business & Commerce Code § 8.103 § 8.103. RULES FOR DETERMINING WHETHER CERTAIN OBLIGATIONS AND INTERESTS ARE SECURITIES OR FINANCIAL ASSETS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.103.md)
- [Tex. Business & Commerce Code § 8.104 § 8.104. ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.104.md)
- [Tex. Business & Commerce Code § 8.105 § 8.105. NOTICE OF ADVERSE CLAIM.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.105.md)
- [Tex. Business & Commerce Code § 8.106 § 8.106. CONTROL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.106.md)
- [Tex. Business & Commerce Code § 8.107 § 8.107. WHETHER INDORSEMENT, INSTRUCTION, OR ENTITLEMENT ORDER IS EFFECTIVE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.107.md)
- [Tex. Business & Commerce Code § 8.108 § 8.108. WARRANTIES IN DIRECT HOLDING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.108.md)
- [Tex. Business & Commerce Code § 8.109 § 8.109. WARRANTIES IN INDIRECT HOLDING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.109.md)
- [Tex. Business & Commerce Code § 8.110 § 8.110. APPLICABILITY; CHOICE OF LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.110.md)
- [Tex. Business & Commerce Code § 8.111 § 8.111. CLEARING CORPORATION RULES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.111.md)
- [Tex. Business & Commerce Code § 8.112 § 8.112. CREDITOR'S LEGAL PROCESS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.112.md)
- [Tex. Business & Commerce Code § 8.113 § 8.113. STATUTE OF FRAUDS INAPPLICABLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.113.md)
- [Tex. Business & Commerce Code § 8.114 § 8.114. EVIDENTIARY RULES CONCERNING CERTIFICATED SECURITIES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.114.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C8_S8.104. Check the current official text before relying on it. Not legal advice.