# Wis. Stat. § 408.104: Acquisition of security or financial asset or interest therein

> Wisconsin · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.104

## Section

- **Citation:** Wis. Stat. § 408.104
- **Heading:** Acquisition of security or financial asset or interest therein
- **Jurisdiction:** Wisconsin
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WI Code / Chapter 408 / Section 408.104

## 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 s. 408.301 ; or

(b) The person acquires a security entitlement to the security pursuant to s. 408.501 .

(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 subch. V , but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in s. 408.503 .

(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 sub. (1) or (2) .

History: 1997 a. 297 .

## Nearby sections

- [Wis. Stat. § 408.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.101.md)
- [Wis. Stat. § 408.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.102.md)
- [Wis. Stat. § 408.103 Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.103.md)
- [Wis. Stat. § 408.104 Acquisition of security or financial asset or interest therein.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.104.md)
- [Wis. Stat. § 408.105 Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.105.md)
- [Wis. Stat. § 408.106 Control.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.106.md)
- [Wis. Stat. § 408.107 Whether endorsement, instruction or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.107.md)
- [Wis. Stat. § 408.108 Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.108.md)
- [Wis. Stat. § 408.109 Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.109.md)
- [Wis. Stat. § 408.110 Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.110.md)
- [Wis. Stat. § 408.111 Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.111.md)
- [Wis. Stat. § 408.112 Creditor’s legal process.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.112.md)
- [Wis. Stat. § 408.113 Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.113.md)
- [Wis. Stat. § 408.114 Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WI_C408_S408.104. Check the current official text before relying on it. Not legal advice.