Minn. Stat. § 336.8-303

Current through 2023, c. 127
Section 336.8-303 - 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.

Minn. Stat. § 336.8-303

1995 c 194 art 1 s 29

Amended by 2024 Minn. Laws, ch. 93,s 8-5, eff. 8/1/2024.