{"data":{"id":"us-il/810-ilcs-5-8-303","jurisdiction":"us-il","citation":"810 ILCS 5/8-303","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 also acquires its interest in the security free of any adverse claim.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"a4170a3338c36cee2be785ad25f29b4c1b0aeeaac025022ff060a49e8997045b","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-302","next":"us-il/810-ilcs-5-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}