Cal. Commercial Code § 8303
Cal. Commercial Code § 8303
California · California Commercial Code · Status: effective · Effective 2024-01-01
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- Citation
- Cal. Commercial Code § 8303, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/790579
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Full 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.