LegalFix
Sign In

Section 6A-8-303 Protected purchaser.

RI Gen L § 6A-8-303 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§ 6A-8-303. Protected purchaser. (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.

History of Section. (P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.)

Previous Section
Section 6A-8-302 Rights of purchaser.
Next Section
Section 6A-8-304 Indorsement.