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§8-1302
Title 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
Part 3: TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
§8-1304

§8-1303. Protected purchaser

(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(1).  "Protected purchaser" means a purchaser of a certificated or uncertificated security or of an interest in a certificated or uncertificated security who:  
(a). Gives value;   [PL 1997, c. 429, Pt. B, §2 (NEW).]
(b). Does not have notice of any adverse claim to the security; and   [PL 1997, c. 429, Pt. B, §2 (NEW).]
(c). Obtains control of the certificated or uncertificated security.   [PL 1997, c. 429, Pt. B, §2 (NEW).]
[PL 1997, c. 429, Pt. B, §2 (NEW).]
(2).  (TEXT EFFECTIVE UNTIL 7/01/25) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.  
[PL 1997, c. 429, Pt. B, §2 (NEW).]
(2).  (TEXT EFFECTIVE 7/01/25) A protected purchaser acquires its interest in the security free of any adverse claim.  
[PL 2023, c. 669, Pt. A, §64 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW). PL 2023, c. 669, Pt. A, §64 (AMD). PL 2023, c. 669, Pt. E, §1 (AFF).
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