W. Va. Code § 46-8-303
Protected purchaser
West Virginia · West Virginia Code Chapter 46 — Uniform Commercial Code · Status: effective
Cite this
- Citation
- W. Va. Code § 46-8-303, Protected purchaser, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2387683
- Permanent ID
ys:prov:2387683@1- SHA-256
6ea3fb2554d8769516d73aa108255c0ddc19fea21024f0c4af36f3c5719a2a48
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.