{"data":{"id":"us-dc/d.c.-code-28-8-303","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-303","heading":"Protected purchaser.","body":"(a)\nFor the purposes of this article, the term “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:\n(1)\nGives value;\n(2)\nDoes not have notice of any adverse claim to the security; and\n(3)\nObtains control of the certificated or uncertificated security.\n\n(b)\nA protected purchaser also acquires its interest in the security free of any adverse claim.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part III. Transfer of Certificated and Uncertificated Securities."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-303","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b2fd10577c6dd976ab3519e20f15e657fa52463fdb760dabf9728aac5f148021","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-302","next":"us-dc/d.c.-code-28-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}