S.D. Codified Laws § 57A-8-303

Current through the 2024 Legislative Session
Section 57A-8-303 - [Effective 7/1/2024] 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.

SDCL 57A-8-303

SL 1998, ch 284, §1.
Amended by S.L. 2024, ch. 198,s. 42, eff. 7/1/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.