Wisconsin § 408.303 Protected purchaser.

Wisconsin Statutes

§ 408.303 — Protected purchaser.

Wisconsin § 408.303

Ch. 408Uniform commercial code — investment securities

Subch.subch. III of ch. 408 SUBCHAPTER III

TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES

This text of Wisconsin § 408.303 (Protected purchaser.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 408.303 (2026).

Text

303
303(1) (1) In this chapter, “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
303(1)(a) (a) Gives value;
303(1)(b) (b) Does not have notice of any adverse claim to the security; and
303(1)(c) (c) Obtains control of the certificated or uncertificated security.
303(2) (2) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

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408.303
408.303(1) (1) In this chapter, “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
408.303(1)(a) (a) Gives value;
408.303(1)(b) (b) Does not have notice of any adverse claim to the security; and
408.303(1)(c) (c) Obtains control of the certificated or uncertificated security.
408.303(2) (2) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.