GroundRules
O.C.G.A. § 11-8-303: Protected purchaser.
Where this section sits in the code
- TITLE 11 Commercial Code
- Article 8 Investment Securities
- PART 3 Transfer of Certificated and Uncertificated Securities
(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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.
Collected 2026-09-17T18:56:58Z. Source file · JSON
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