New York § 8-303 Protected Purchaser

New York Statutes

§ 8-303 — Protected Purchaser

New York § 8-303

Law UCCUniform Commercial Code

Part 3Transfer of Certificated and Uncertificated Securities

Art. 8Investment Securities

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Bluebook

N.Y. Uniform Commercial Code § 8-303 (2026).

Text

Section 8--303. Protected Purchaser.\n  (a) "Protected purchaser" means a purchaser of a certificated or\nuncertificated security, or of an interest therein, who:\n       (1) gives value;\n       (2) does not have notice of any adverse claim to the security;\n           and\n       (3) obtains control of the certificated or uncertificated\n           security.\n  * (b) In addition to acquiring the rights of a purchaser, a protected\npurchaser also acquires its interest in the security free of any adverse\nclaim.\n  * NB Effective until June 3, 2026\n* (b)  A protected purchaser also acquires its interest in the security\nfree of any adverse claim.\n  * NB Effective June 3, 2026\n

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Section 8--303. Protected Purchaser.\n (a) "Protected purchaser" means a purchaser of a certificated or\nuncertificated security, or of an interest therein, who:\n (1) gives value;\n (2) does not have notice of any adverse claim to the security;\n and\n (3) obtains control of the certificated or uncertificated\n security.\n * (b) In addition to acquiring the rights of a purchaser, a protected\npurchaser also acquires its interest in the security free of any adverse\nclaim.\n * NB Effective until June 3, 2026\n* (b) A protected purchaser also acquires its interest in the security\nfree of any adverse claim.\n * NB Effective June 3, 2026\n