Statute · California Commercial Code
Cal. Com. Code § 8303 — Transfer of Certificated and Uncertificated Securities
Cal. Com. Code § 8303
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 2024-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:
Citator
Cal. Com. Code § 8303 — Transfer of Certificated and Uncertificated Securities is in force in the current edition of the Code, and nothing recorded condemns it.
(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:
(1) Gives value.
(2) Does not have notice of any adverse claim to the security.
(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.