R.I. Gen. Laws § 6A-8-303

Current through 2024 Public Law 457

Section 6A-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 acquires its interest in the security free of any adverse claim.

R.I. Gen. Laws § 6A-8-303

Amended by 2024 Pub. Laws, ch. 66,§ 8, eff. 6/10/2024.

Amended by 2024 Pub. Laws, ch. 65,§ 8, eff. 6/10/2024.

P.L. 2000 , ch. 182, § 5; P.L. 2000 , ch. 420, § 5.