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§ 8-303. Protected Purchaser

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 8. Investment Securities (Refs & Annos)
Part 3. Purchase
12A Okl.St.Ann. § 8-303
§ 8-303. Protected Purchaser
Currentness
Protected Purchaser.
(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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

Credits

Laws 1995, c. 242, § 29, eff. Feb. 1, 1996.
12A Okl. St. Ann. § 8-303, OK ST T. 12A § 8-303
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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