Fla. Stat. § 678.3031: 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.

(c) Obtains control of the certificated or uncertificated security.

(2) A protected purchaser acquires its interest in the security free of any adverse claim.

History.—s. 3, ch. 98-11; s. 66, ch. 2025-92.