Iowa Code § 554.8303

Current through March 29, 2024

Section 554.8303 - 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. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

Iowa Code § 554.8303

89 Acts, ch 113, §18; 96 Acts, ch 1138, §36, 84

C66, 71, 73, 75, 77, 79, 81, §554.8303 89 Acts, ch 113, §18; 96 Acts, ch 1138, §36, 84

Referred to in §554.8102