Nev. Rev. Stat. § 104.8303

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 104.8303 - Protected purchaser

1. "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:

(a) Gives value;

(b) Does not have notice of any adverse claim to the security; and

(c) Obtains control of the certificated or uncertificated security.

2. A protected purchaser also acquires its interest in the security free of any adverse claim.

NRS 104.8303

Added to NRS by 1997, 364; A 2023, 3193

Amended by 2023, Ch. 505,§48, eff. 10/1/2023.

Added to NRS by 1997, 364