Ky. Rev. Stat. § 355.8-303

Current through 2024 Ky. Acts ch. 225

Section 355.8-303 - [Effective Until 1/1/2025] 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.

KRS 355.8-303

Effective:1/1/1997
Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 142, effective1/1/1997. -- Created 1958 Ky. Acts ch. 77, sec. 8-303, effective 7/1/1960.

This section is set out more than once due to postponed, multiple, or conflicting amendments.