§490:8-303 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 acquires its interest in the security free of any adverse claim. [L 1997, c 33, pt of §2; am L 2023, c 132, §34]
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