IC 26-1-8.1-303 — "Protected purchaser" defined; acquisition of interest free of adverse claims
Chapter 8.1. Investment Securities
Bills citing this section
Section text
Sec. 303. (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) A protected purchaser also acquires its interest in the security free of any adverse claim.
As added by P.L.247-1995, SEC.10. Amended by P.L.199-2023, SEC.39.
Source: official publisher (2026 edition)