{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-8-303","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 8-303","heading":"Protected Purchaser","body":"Section 8--303. Protected Purchaser.\n  (a) \"Protected purchaser\" means a purchaser of a certificated or\nuncertificated security, or of an interest therein, who:\n       (1) gives value;\n       (2) does not have notice of any adverse claim to the security;\n           and\n       (3) obtains control of the certificated or uncertificated\n           security.\n  (b)  A protected purchaser also acquires its interest in the security\nfree of any adverse claim.","path":["Uniform Commercial Code Law","Article 8. Investment Securities","Part 3. Transfer of Certificated and Uncertificated Securities"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/8-303","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"2e74e68c737a7010ed3b5e5bd1f79584f94078bd58c320965098d65d9e52603a","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-8-302","next":"us-ny/n.y.-uniform-commercial-code-law-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}