2007 ORS 78.1040¹
Acquisition of security or financial asset or interest therein

(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 ORS 78.3010 (Delivery); or

(b) The person acquires a security entitlement to the security pursuant to ORS 78.5010 (Securities account).

(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 ORS 78.5010 (Securities account) to 78.5110 (Priority among security interests and entitlement holders), but is a purchaser of any security, security entitlement or other financial asset held by the securities intermediary only to the extent provided in ORS 78.5030 (Property interest of entitlement holder in financial asset held by securities intermediary).

(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) of this section. [1961 c.726 §78.1040 (Acquisition of security or financial asset or interest therein); 1985 c.676 §78.1040 (Acquisition of security or financial asset or interest therein); 1995 c.328 §4]

1 Legislative Counsel Committee, CHAPTER 78—Investment Securities, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­078.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.