New Jersey § 12A:8-303 Protected Purchaser.

New Jersey Statutes

§ 12A:8-303 — Protected Purchaser.

New Jersey § 12A:8-303

Title 12ACOMMERCIAL TRANSACTIONS

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

Bluebook

N.J. Stat. Ann. § 12A: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. L.1997,c.252,s.1.

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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. L.1997,c.252,s.1.