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The Florida Senate

2010 Florida Statutes

F.S. 678.3031

Protected purchaser.


“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:


Gives value.


Does not have notice of any adverse claim to the security.


Obtains control of the certificated or uncertificated security.


In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.


s. 3, ch. 98-11.