2013 Hawaii Revised Statutes
TITLE 27. UNIFORM COMMERCIAL CODE
490. Uniform Commercial Code
490:8-303 Protected purchaser.
§490:8-303 Protected purchaser. (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. [L 1997, c 33, pt of §2]
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