Idaho § 28-8-303 PROTECTED PURCHASER

Idaho Statutes

§ 28-8-303 — PROTECTED PURCHASER

Idaho § 28-8-303

Title 28COMMERCIAL TRANSACTIONS

Part 3.TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

Ch. 8INVESTMENT SECURITIES

This text of Idaho § 28-8-303 (PROTECTED PURCHASER) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-8-303 (2026).

Text

(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.