Ark. Code § 4-8-303

Current with legislation from 2024 effective through May 3, 2024.
Section 4-8-303 - Protected purchaser
(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.

Ark. Code § 4-8-303

Acts 1995, No. 425, § 1.