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2012 Florida Statutes

Title XXXIX COMMERCIAL RELATIONS
Chapter 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES Entire Chapter
SECTION 3031
Protected purchaser.
F.S. 678.3031
678.3031 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.
(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.
History.—s. 3, ch. 98-11.