{"data":{"id":"us-ar/ark.-code-ann.-4-8-303","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-8-303","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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 8 Investment Securities","Part 3 — Transfer of Certificated and Uncertificated Securities"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"0096744e4e8d9fe4d959366c0e06c4214dca5a1d2f629164ea1707caec5c37b2","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-8-302","next":"us-ar/ark.-code-ann.-4-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}