CODE OF VIRGINIA

PROTECTED PURCHASER (§ 8.8A-303)

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. A protected purchaser also acquires its interest in the security free of any
adverse claim.

HISTORY: 1996, c. 216; 2024, c. 652.