Indiana Statutes
§ 26-1-8.1-303 — "Protected purchaser" defined; acquisition of interest free of adverse claims
Indiana § 26-1-8.1-303
This text of Indiana § 26-1-8.1-303 ("Protected purchaser" defined; acquisition of interest free of adverse claims) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-8.1-303 (2026).
Text
(a)"Protected purchaser" means a
purchaser of a certificated or uncertificated security, or of an interest
therein, who:
(1)gives value;
(2)does not have notice of any adverse claim to the security; and
(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.
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Legislative History
As added by P.L.247-1995, SEC.10. Amended by P.L.199-2023,
SEC.39.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
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Bluebook (online)
Indiana § 26-1-8.1-303, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-8.1-303.