§ 6A-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) A protected purchaser acquires its interest in the security free of any adverse claim.
History of Section.
P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5; P.L. 2024, ch. 65, § 8, effective
June 10, 2024; P.L. 2024, ch. 66, § 8, effective June 10, 2024.