810 ILCS 5/8-303

Current through Public Act 103-1056
Section 810 ILCS 5/8-303 - [Effective 1/1/2025] 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.

810 ILCS 5/8-303

Amended by P.A. 103-1036,§ 5, eff. 1/1/2025.
P.A. 89-364, eff. 1/1/1996.
This section is set out more than once due to postponed, multiple, or conflicting amendments.