Pennsylvania § 8303 Protected purchaser

Pennsylvania Statutes

§ 8303 — Protected purchaser

Pennsylvania·Title 13 COMMERCIAL CODE·Ch. 83 TRANSFER OF CERTIFICATED AND

(a)Definition of "protected purchaser".--"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)Rights acquired by protected purchaser.--A protected purchaser also acquires its interest in the security free of any adverse claim.

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(a) Definition of "protected purchaser".--"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) Rights acquired by protected purchaser.--A protected purchaser also acquires its interest in the security free of any adverse claim.

Pennsylvania § 8303 (Protected purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(July 1, 2024, P.L.450, No.41, eff. 60 days) 2024 Amendment.Act 41 amended subsec. (b). See section 1 of Act 41 in the appendix to this title for special provisions relating to findings and declarations. Cross References.Section 8303 is referred to in sections 8102, 9102 of this title.