Minn. Stat. § 336.8-303

Current through Register Vol. 49, No. 8, August 19, 2024

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.