{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.8A-303.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.8A-303.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.8A-303.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.8A-303.html"}],"law_id":81304,"edition_id":1,"section_id":81304,"structure_id":15382,"section_number":"8.8A-303","catch_line":"Protected purchaser","history":"1996, c. 216; 2024, c. 652.","full_text":"a\n\n“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:1\n\ngives value;2\n\ndoes not have notice of any adverse claim to the security; and3\n\nobtains control of the certificated or uncertificated security.b\n\nA protected purchaser also acquires its interest in the security free of any adverse claim.","order_by":null,"text":{"0":{"id":291390,"text":"“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":291391,"text":"gives value;","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":291392,"text":"does not have notice of any adverse claim to the security; and","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"a3"},"3":{"id":291393,"text":"obtains control of the certificated or uncertificated security.","type":"section","prefixes":["a","3"],"prefix":"3","entire_prefix":"a3","prefix_anchor":"a3","level":2,"prior_prefix":"a2","next_prefix":"b"},"4":{"id":291394,"text":"A protected purchaser also acquires its interest in the security free of any adverse claim.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a3"}},"ancestry":[{"id":15382,"edition_id":1,"name":"Transfer of Certificated and Uncertificated Securities","identifier":"3","label":"part","depth":2,"order_by":1,"parent_id":13421,"metadata":{},"date_created":"2026-06-26 03:54:28","date_modified":"2026-06-26 03:54:28","permalink":{"id":283721,"object_type":"structure","relational_id":15382,"identifier":"3","token":"8.8A\/3","url":"\/8.8A\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13421,"edition_id":1,"name":"Commercial Code \u2014 Investment Securities","identifier":"8.8A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:52","date_modified":"2026-06-26 03:44:52","permalink":{"id":283611,"object_type":"structure","relational_id":13421,"identifier":"8.8A","token":"8.8A","url":"\/8.8A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58567,"structure_id":15382,"section_number":"8.8A-301","catch_line":"Delivery","url":"\/8.8A-301\/","token":"8.8A\/3\/8.8A-301","metadata":false},{"id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","metadata":false},{"id":81304,"structure_id":15382,"section_number":"8.8A-303","catch_line":"Protected purchaser","url":"\/8.8A-303\/","token":"8.8A\/3\/8.8A-303","metadata":false},{"id":79892,"structure_id":15382,"section_number":"8.8A-304","catch_line":"Endorsement","url":"\/8.8A-304\/","token":"8.8A\/3\/8.8A-304","metadata":false},{"id":77486,"structure_id":15382,"section_number":"8.8A-305","catch_line":"Instruction","url":"\/8.8A-305\/","token":"8.8A\/3\/8.8A-305","metadata":false},{"id":82594,"structure_id":15382,"section_number":"8.8A-306","catch_line":"Effect of guaranteeing signature, endorsement, or instruction","url":"\/8.8A-306\/","token":"8.8A\/3\/8.8A-306","metadata":false},{"id":73229,"structure_id":15382,"section_number":"8.8A-307","catch_line":"Purchaser's right to requisites for registration of transfer","url":"\/8.8A-307\/","token":"8.8A\/3\/8.8A-307","metadata":false}],"previous_section":{"id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","metadata":false},"next_section":{"id":79892,"structure_id":15382,"section_number":"8.8A-304","catch_line":"Endorsement","url":"\/8.8A-304\/","token":"8.8A\/3\/8.8A-304","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.8A-303\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 216<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d 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 \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2024, chapter 652<\/a>.<\/p>","references":[{"id":69812,"section_number":"8.8A-102","catch_line":"Definitions","order_by":null,"url":"\/8.8A-102\/"},{"id":58431,"section_number":"8.9A-102","catch_line":"Definitions and index of definitions","order_by":null,"url":"\/8.9A-102\/"}],"refers_to":false,"permalink":{"id":283731,"object_type":"law","relational_id":81304,"identifier":"8.8A-303","token":"8.8A\/3\/8.8A-303","url":"\/8.8A-303\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.8A-303\/","token":"8.8A\/3\/8.8A-303","dublin_core":{"Title":"Protected purchaser","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.8A-303","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> “Protected purchaser<\/span>” means a purchaser of a certificated or uncertificated security, or of an interest therein, who: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> gives value; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> does not have notice of any adverse claim to the security; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> obtains control of the certificated or uncertificated security. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> A protected purchaser<\/span> also acquires its interest in the security free of any adverse claim. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROTECTED PURCHASER (\u00a7 8.8A-303)\n\na. “Protected purchaser” means a purchaser of a certificated or\nuncertificated security, or of an interest therein, who:\n\n 1. gives value;\n\n 2. does not have notice of any adverse claim to the security; and\n\n 3. obtains control of the certificated or uncertificated security.\n\nb. A protected purchaser also acquires its interest in the security free of any\nadverse claim.\n\nHISTORY: 1996, c. 216; 2024, c. 652.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}