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Florida Laws: FL Statutes - Title XXXIX Commercial Relations Section 678.1011 Short title.

Legal Research Home > Florida Laws > Commercial Relations > Florida Laws: FL Statutes - Title XXXIX Commercial Relations Section 678.1011 Short title.

678.3031 Protected purchaser.

(1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:

(a) Gives value.

(b) Does not have notice of any adverse claim to the security.

(c) Obtains control of the certificated or uncertificated security.

(2) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

History.--s. 3, ch. 98-11.

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Last modified: March 26, 2010