Ca_Law

statute | California

Commercial Code - COM - COM § 8303

  • UIDca_leginfo_codes:com-8303
  • CitationCommercial Code - COM - COM § 8303
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following: (1) Gives value. (2) Does not have notice of any adverse claim to the security. (3) Obtains control of the certificated or uncertifi

Text

(a)
“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:
(1)
Gives value.
(2)
Does not have notice of any adverse claim to the security.
(3)
Obtains control of the certificated or uncertificated security.
(b)
A protected purchaser also acquires its interest in the security free of any adverse claim.

Retrieval chunks

  • #1 | Commercial Code - COM - COM § 8303

    (a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following: (1) Gives value. (2) Does not have notice of any adverse claim to the security. (3) Obtains control of the certificated or uncertificated security. (b) A protecte…