Wash. Rev. Code § 62A.8-303

Current through 2024

Section 62A.8-303 - 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.

RCW 62A.8-303

Amended by 2023 c 266,§ 805, eff. 1/1/2024.

1995 c 48 § 29; 1986 c 35 § 18; 1965 ex.s. c 157 § 8-303.

Construction-Effective date- 2023 c 266 : See notes following RCW 62A.12-101.

Effective date-1995 c 48: See RCW 62A.11-113.