Ga. Code § 11-8-303

Current through 2023-2024 Legislative Session Chapter 709
Section 11-8-303 - 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) A protected purchaser acquires its interest in the security free of any adverse claim.

OCGA § 11-8-303

Amended by 2024 Ga. Laws 600,§ 5-39, eff. 7/1/2024.