§490:8-303 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. [L 1997, c 33, pt of §2]
Section: Previous 490-8-206 490-8-207 490-8-208 490-8-209 490-8-210 490-8-301 490-8-302 490-8-303 490-8-304 490-8-305 490-8-306 490-8-307 490-8-401 490-8-402 490-8-403 NextLast modified: October 27, 2016