{"data":{"id":"us-wi/wis.-stat.-408.303","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.303","heading":"Protected purchaser.","body":"(1) In this chapter, “protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:\n(a) Gives value;\n(b) Does not have notice of any adverse claim to the security; and\n(c) Obtains control of the certificated or uncertificated security.\n(2) 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":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER III TRANSFER OF CERTIFICATED ANDUNCERTIFICATED SECURITIES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.303","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"9fdf580403e09bd2fdecbdcbdad82f2dde0117869c51738d498b4250bf881bb0","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.302","next":"us-wi/wis.-stat.-408.304"},"notice":"GroundRules: Original legal text. Not legal advice."}