Statute 104 8303

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; and (c) Obtains control of the certificated or uncertificated security. 2. A protected purchaser also acquires its interest in the security free of any adverse claim. (Added to NRS by 1997, 364; A 2023, 3193)