2000 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 678 Uniform Commercial Code: Investment Securities
PART III TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES (ss. 678.3011-678.3071)
678.3031 Protected purchaser.
678.3031 Protected purchaser.--
(1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
(a) Gives value.
(b) Does not have notice of any adverse claim to the security.
(c) Obtains control of the certificated or uncertificated security.
(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.
History.--s. 3, ch. 98-11.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
