# Utah Code § 70A-8-103: Acquisition of security or financial asset or interest therein

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_103

## Section

- **Citation:** Utah Code § 70A-8-103
- **Heading:** Acquisition of security or financial asset or interest therein
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 70A / Chapter 70A-8 / § 70A-8-103

## Text

(1) A person acquires a security or an interest therein, under this chapter, if: (a) the person is a purchaser to whom a security is delivered pursuant to Section 70A-8-301; or (b) the person acquires a security entitlement to the security pursuant to Section 70A-8-501. (2) 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. (3) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Part 5, Security Entitlements, 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 70A-8-503. (4) 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 (1) or (2).

## Nearby sections

- [Utah Code § 70A-8-100 § 70A-8-100. Title.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_100.md)
- [Utah Code § 70A-8-101 § 70A-8-101. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_101.md)
- [Utah Code § 70A-8-102 § 70A-8-102. Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_102.md)
- [Utah Code § 70A-8-103 § 70A-8-103. Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_103.md)
- [Utah Code § 70A-8-104 § 70A-8-104. Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_104.md)
- [Utah Code § 70A-8-105 § 70A-8-105. Control.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_105.md)
- [Utah Code § 70A-8-106 § 70A-8-106. Whether indorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_106.md)
- [Utah Code § 70A-8-107 § 70A-8-107. Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_107.md)
- [Utah Code § 70A-8-108 § 70A-8-108. Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_108.md)
- [Utah Code § 70A-8-109 § 70A-8-109. Applicability -- Choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_109.md)
- [Utah Code § 70A-8-110 § 70A-8-110. Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_110.md)
- [Utah Code § 70A-8-111 § 70A-8-111. Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_111.md)
- [Utah Code § 70A-8-112 § 70A-8-112. Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_112.md)
- [Utah Code § 70A-8-113 § 70A-8-113. Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T70A_S70A_8_103. Check the current official text before relying on it. Not legal advice.