§ 382-a-8-303

382-A: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 also acquires its interest in the security free of any adverse claim. Source. 1998, 326:1, eff. Jan. 1, 1999. 2022, 281:38, eff. Jan. 1, 2023.