{"data":{"id":"us-al/ala.-code-7-8-303","jurisdiction":"us-al","citation":"Ala. Code § 7-8-303","heading":"Protected Purchaser.","body":"(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:\n(1) gives value;\n(2) does not have notice of any adverse claim to the security; and\n(3) obtains control of the certificated or uncertificated security.\n(b) A protected purchaser acquires its interest in the security free of any adverse claim.","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 3 Transfer of Certificated and Uncertificated Securities."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-303","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"3b95b75c5200af34cf4ded96eae47877e589e1927fe56c3a233266f397314307","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-302","next":"us-al/ala.-code-7-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}