{"data":{"id":"us-mi/mich.-comp.-laws-440.8303","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8303","heading":"“Protected purchaser” defined.","body":"Sec. 8303.\n\n\"Protected purchaser\" means a purchaser of a certificated or uncertificated security, or of an interest in a certificated or uncertificated security and meets all of the following:\n\nGives value.\n\nDoes not have notice of any adverse claim to the security.\n\nObtains control of the certificated or uncertificated security.\n\nIn addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.","path":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8303","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"97676a593dd265d39b4a1f9f2677e5fead54c90e31cb24abe8a631592556792a","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8302","next":"us-mi/mich.-comp.-laws-440.8304"},"notice":"GroundRules: Original legal text. Not legal advice."}