{"data":{"id":"us-tx/tex.-business-commerce-code-8.303","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.\nAmended by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 8. INVESTMENT SECURITIES","SUBCHAPTER C. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.8.htm#8.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"36a3b441688d825ab347b078cc788487a7306ec1b444f4e47a660b03ffb57a69","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-8.302","next":"us-tx/tex.-business-commerce-code-8.304"},"notice":"GroundRules: Original legal text. Not legal advice."}