Montana Statutes
§ 30-8-333 — Protected Purchaser
Montana·Title 30 TRADE AND COMMERCE·Ch. 8 UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES·Part 3 Transfer of Certificated and Uncertificated Securities
30-8-333 . Protected purchaser.
(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)A protected purchaser also acquires its interest in the security free of any adverse claim.
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Legislative History
En. Sec. 49, Ch. 536, L. 1997; amd. Sec. 44, Ch. 200, L. 2025.
Nearby Sections
15
§ 30-8-101
Short Title§ 30-8-102
Repealed§ 30-8-103
Repealed§ 30-8-104
Repealed§ 30-8-105
Repealed§ 30-8-106
Repealed§ 30-8-107
Repealed§ 30-8-108
Repealed§ 30-8-109
Through 30-8-111 Reserved§ 30-8-112
Definitions And Index Of Definitions§ 30-8-113
Rules For Determining Whether Certain Obligations And Interests Are Securities Or Financial Assets§ 30-8-115
Notice Of Adverse Claim§ 30-8-116
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