2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.8-303 PROTECTED PURCHASER.
336.8-303 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-303 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.
History: 1995 c 194 art 1 s 29
Disclaimer: These codes may not be the most recent version. Minnesota 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.
