§ 30-8-333 — Protected Purchaser

Montana § 30-8-333

• Jurisdiction: Montana
• Title 30: TRADE AND COMMERCE
• Ch. 8: UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES
• Part 3: Transfer of Certificated and Uncertificated Securities

Text

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.

Legislative History

En. Sec. 49, Ch. 536, L. 1997; amd. Sec. 44, Ch. 200, L. 2025.