Virginia Decodedhttps://vacode.org813048.8A-303Protected purchaser20258.8A-1028.9A-102Commercial Code — Investment SecuritiesTransfer of Certificated and Uncertificated Securities

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.

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