Kansas § 84-8-303 Protected purchaser

Kansas Statutes

§ 84-8-303 — Protected purchaser

Kansas § 84-8-303

Ch. 84UNIFORM COMMERCIAL CODE

Art. 8INVESTMENT SECURITIES

This text of Kansas § 84-8-303 (Protected purchaser) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 84-8-303 (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)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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(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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.