{"data":{"id":"us-tn/tenn.-code-ann.-47-8-303","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-8-303","heading":"Protected purchaser","body":"(a) \"Protected purchaser\" means a purchaser of a certificated or uncertificated security, or of an interest therein, who: (1) gives value; (2) does not have notice of any adverse claim to the security; and (3) obtains control of the certificated or uncertificated security. (b) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim. Acts 1997, ch. 79, § 1.\n(a) \"Protected purchaser\" means a purchaser of a certificated or uncertificated security, or of an interest therein, who: (1) gives value; (2) does not have notice of any adverse claim to the security; and (3) obtains control of the certificated or uncertificated security.\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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.","path":["TN Code","Title 47","Chapter 8"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"302eea1ae530a2c63ec5185d9ff2b91d1fa5f4a4c946de28504c67157fb83c71","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-8-302","next":"us-tn/tenn.-code-ann.-47-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}