For the purposes of this article, the term “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who: Gives value; Does not have notice of any adverse claim to the security; and Obtains control of the certificated or uncertificated security. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.
‹ Prev All District Of Columbia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.