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.Added by Laws 1961, p. 155, § 8-303. Amended by Laws 1984, c. 76, § 20, eff. Nov. 1, 1984; Laws 1995, c. 242, § 29, eff. Feb. 1, 1996; Laws 2024, c. 13, § 41, eff. Nov. 1, 2024.
Oklahoma Legal Code