{"data":{"id":"us-sd/sdcl-57a-8-303","jurisdiction":"us-sd","citation":"SDCL § 57A-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.\nSource: SL 1998, ch 284, § 1; SL 2024, ch 198, § 42.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-303","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"b9075f8eb8356c99a7136d6102c3d205335e9a4fdc6fed38560125f91d283242","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-302","next":"us-sd/sdcl-57a-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}