Colo. Rev. Stat. § 4-8-303

Current through Acts effective through 6/5/2024 of the 2024 Legislative Session

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) A protected purchaser also acquires its interest in the security free of any adverse claim.

C.R.S. § 4-8-303

Amended by 2023 Ch. 136,§ 41, eff. 8/7/2023.

L. 96: Entire article R&RE, p. 221, § 2, effective July 1.

This section is similar to former §§ 4-8-302 and 4-8-311 as they existed prior to 1996.

2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).