Georgia Commons11-8-303. Protected purchaser.
The only printed version. Current through: Including Acts of the 2025 Regular Session of the General Assembly.
(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 acquires its interest in the security free of any adverse claim.