Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 83 - Transfer of Certificated and Uncertificated Securities
Section 8303 - Protected purchaser

§ 8303. Protected purchaser.
(a) Definition of "protected purchaser".--"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) Rights acquired by protected purchaser.--In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.
Cross References. Section 8303 is referred to in section 8102 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes