2012 Statute
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84-8-303. 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. |
History: L. 1996, ch. 202, § 56; July 1. |
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2020. Powered by KLISS. Rendered: 2020-11-27T17:30:43. Head Rev No: 345400