California · Through 2026-09-13

COM § 8303

Where this section sits in the code

Commercial Code - COM
DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]
CHAPTER 3. Transfer of Certificated and Uncertificated Securities [8301. - 8307.]

(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.

Collected 2026-09-14T05:56:33Z. Source file · JSON