Del. Code tit. 6 § 8-303

Current through 2024 Legislative Session Act Chapter 254

Section 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.

6 Del. C. § 8-303

Amended by Laws 2023 , ch. 174, s 41, eff. 8/18/2023.

5A Del. C. 1953, § 8-302; 55 Del. Laws, c. 349; 64 Del. Laws, c. 152, §6; 71 Del. Laws, c. 75, § 1.;