Protected Purchaser

1. Law
2. Georgia Code
3. Commercial Code
4. Investment Securities
5. Transfer of Certificated and Uncertificated Securities
6. Protected Purchaser

1. "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.
2. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

(Code 1981, §11-8-303, enacted by Ga. L. 1998, p. 1323, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 8-303.

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