§ 8-303. 8-303
73 words·~1 min read·
/us/ucc/a8/s8-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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)In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim .
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§ 8-303
8-303
Fed. Reg.×1
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