Section 11-8-303 - 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.Amended by 2024 Ga. Laws 600,§ 5-39, eff. 7/1/2024.