§ 554.8303

554.8303 Protected purchaser. 1. 'Protected purchaser' means a purchaser of a certificated or uncertificated security, or of an interest therein, who: a. gives value;b. does not have notice of any adverse claim to the security; andc. obtains control of the certificated or uncertificated security.2. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim. [C66, 71, 73, 75, 77, 79, 81, §554.8303]89 Acts, ch 113, §18; 96 Acts, ch 1138, §36, 84Referred to in §554.8102 Sat Dec 23 01:58:22 2023 Iowa Code 2024, Section 554.8303 (24, 0)