8303
Effective Jan 1, 2024Amended by Stats. 2023, Ch. 210, Sec. 23. (SB 95) Effective January 1, 2024.
(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.