§ 104.8303 — 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

(Added to NRS by 1997, 364 ; A 2023, 3193 )