Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 3.
TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
28-8-303.  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; and
(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:
[28-8-303, added 1995, ch. 272, sec. 2, p. 889.]


How current is this law?

Search the Idaho Statutes and Constitution