Section 34.1-8-303 - Protected Purchaser.

WY Stat § 34.1-8-303 (2019) (N/A)
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34.1-8-303. Protected purchaser.

(a) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:

(i) Gives value;

(ii) Does not have notice of any adverse claim to the security; and

(iii) 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.