Idaho § 28-8-303 PROTECTED PURCHASER

Idaho Statutes

§ 28-8-303 — PROTECTED PURCHASER

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 3. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES·Ch. 8 INVESTMENT SECURITIES

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

(a)Gives value;

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

(c)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.

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(1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
(a) Gives value;
(b) Does not have notice of any adverse claim to the security; and
(c) 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.

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