South Carolina § 36-8-303 Protected purchaser.

South Carolina Statutes

§ 36-8-303 — Protected purchaser.

South Carolina § 36-8-303

Title 36COMMERCIAL CODE

Ch. 8COMMERCIAL CODE—INVESTMENT SECURITIES

This text of South Carolina § 36-8-303 (Protected purchaser.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 36-8-303 (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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.