Kansas § 84-8-303 Protected purchaser

Kansas Statutes

§ 84-8-303 — Protected purchaser

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 8 INVESTMENT SECURITIES

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Kansas § 84-8-303 (Protected purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.