Louisiana Statutes
§ 10:8-303 — Protected purchaser
Louisiana·Title 10 Commercial Laws
§8-303. Protected purchaser
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 10:8-303 (Protected purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Cross Keys Bank v. Ward
(W.D. Louisiana, 2021)
Legislative History
Added by Acts 1978, No. 165, §1, eff. Jan. 1, 1979. Acts 1989, No. 135, §6, eff. Jan.
1, 1990; Acts 1995, No. 884, §1, eff. Jan. 1, 1996; Acts 2024, No. 773, §1.
Nearby Sections
15
§ 10:8-101
§ 10:8-101§ 10:8-102
Definitions and index of definitions§ 10:8-105
Notice of adverse claim§ 10:8-106
Control§ 10:8-108
Warranties in direct holding§ 10:8-109
Warranties in indirect holding§ 10:8-110
Applicability; choice of law§ 10:8-111
Clearing corporation rules§ 10:8-112
Creditor's legal process§ 10:8-113
Statute of frauds inapplicable