§ 8303

Cal. Com. Code § 8303

8303

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

  1. (a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:

    1. (1) Gives value.
    2. (2) Does not have notice of any adverse claim to the security.
    3. (3) Obtains control of the certificated or uncertificated security.
  2. (b) A protected purchaser also acquires its interest in the security free of any adverse claim.
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