47-8303. Protected purchaser
A. " Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
1. Gives value;
2. Does not have notice of any adverse claim to the security; and
3. Obtains control of the certificated or uncertificated security.
B. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.
Section: Previous 47-8206 47-8207 47-8208 47-8209 47-8210 47-8301 47-8302 47-8303 47-8304 47-8305 47-8306 47-8307 47-8401 47-8402 47-8403 NextLast modified: October 13, 2016