2010 Georgia Code
TITLE 11 - COMMERCIAL CODE
ARTICLE 8 - INVESTMENT SECURITIES
PART 3 - TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
§ 11-8-303 - Protected purchaser
. 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.
Graham Syfert - Jacksonville Lawyer