Neb. U.C.C. § 8-303

Current with changes through the 2024 First Special Legislative Session

Section 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 also acquires its interest in the security free of any adverse claim.

Neb. U.C.C. § 8-303

Laws 1995, LB 97, § 33; Laws 2024, LB 94, § 42.

Amended by Laws 2024, LB 94,§ 42, eff. 7/19/2024.