Ohio Rev. Code § 1308.17

Current with legislation from 2024 received as of August 15, 2024.

Section 1308.17 - Protected purchaser - UCC 8-303

(A) 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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

R.C. §1308.17

Effective Date: 1/1/1998 .