§ 8.8A-303 Protected purchaser
a. “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
2. does not have notice of any adverse claim to the security; and
3. obtains control of the certificated or uncertificated security.
b. A protected purchaser also acquires its interest in the security free of any adverse claim.
History
This law was first created in 1996. The record of its establishment is cataloged in chapter 216 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2024, chapter 652.
1996, c. 216; 2024, c. 652.