HRS §490:8-104
How you get ownership of securities or financial assets
This section explains the legal ways a person can become the owner of a security or other financial asset. It also says that if you are required by law or agreement to hand over such an asset, you can do so by making the other person an owner through the methods described here.
everyone
The statute, as written — Acquisition of security or financial asset or interest therein
(a) A person acquires a security or an interest therein, under this article, if: (1) The person is a purchaser to whom a security is delivered pursuant to section 490:8-301; or (2) The person acquires a security entitlement to the security pursuant to section 490:8-501. (b) A person acquires a financial asset, other than a security, or an interest therein, under this article, 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 part 5, 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 490:8-503. (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).
Sections this one refers to
§490:8-301 When delivery of a security happens
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