Can you summarize MNST 336.8-303?

Short Summary

336.8-303 MS 1994 [Repealed, 1995 c 194 art 1 s 53] 336.8-303 PROTECTED PURCHASER. (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) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim. History: 1995 c 194 art 1 s 29

Jurisdiction

Minnesota

Source

• Wealth Management