{"code":"COM","codeName":"Commercial Code","section":"8104","citation":"Com. Code, § 8104","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","url":"https://blackletter.si/commercial-code/division-8"},{"name":"CHAPTER 1. Short Title and General Matters [8101. - 8116.]","url":"https://blackletter.si/commercial-code/division-8/chapter-1"}],"history":"Repealed and added by Stats. 1996, Ch. 497, Sec. 9.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>(a) A person acquires a security or an interest therein, under this division, if either of the following applies:</p><p>(1) The person is a purchaser to whom a security is delivered pursuant to Section <a href=\"/com/8301\">8301</a>; or</p><p>(2) The person acquires a security entitlement to the security pursuant to Section <a href=\"/com/8501\">8501</a>.</p><p>(b) A person acquires a financial asset, other than a security, or an interest therein, under this division, if the person acquires a security entitlement to the financial asset.</p><p>(c) A person who acquires a security entitlement to a security or other financial asset has the rights specified in Chapter 5 (commencing with Section <a href=\"/com/8501\">8501</a>), 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 <a href=\"/com/8503\">8503</a>.</p><p>(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 subdivision (a) or (b).</p>","text":"(a) A person acquires a security or an interest therein, under this division, if either of the following applies: (1) The person is a purchaser to whom a security is delivered pursuant to Section 8301; or (2) The person acquires a security entitlement to the security pursuant to Section 8501. (b) A person acquires a financial asset, other than a security, or an interest therein, under this division, 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 Chapter 5 (commencing with Section 8501), 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 8503. (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 subdivision (a) or (b).","otherVersions":[],"url":"https://blackletter.si/commercial-code/short-title-and-general-matters-8104","source":"California Legislative Information bulk export (pubinfo)"}