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2019 Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.8 - Investment Securities.
62A.8-303 Protected purchaser.
Universal Citation: WA Rev Code § 62A.8-303 (2019)
RCW 62A.8-303 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; and
(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.
[ 1995 c 48 § 29; 1986 c 35 § 18; 1965 ex.s. c 157 § 8-303.]
NOTES:
Effective date—1995 c 48: See RCW 62A.11-113.
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