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These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

62A.8-302  <<  62A.8-303 >>   62A.8-304

Protected purchaser. (Effective until January 1, 2024.)

(1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
(a) Gives value;
(b) Does not have notice of any adverse claim to the security; and
(c) Obtains control of the certificated or uncertificated security.
(2) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.
[ 1995 c 48 § 29; 1986 c 35 § 18; 1965 ex.s. c 157 § 8-303.]

NOTES:

Effective date—1995 c 48: See RCW 62A.11-113.

Protected purchaser. (Effective January 1, 2024.)

(1) "Protected purchaser" means a purchaser of a certificated or uncertificated security, or of an interest therein, who:
(a) Gives value;
(b) Does not have notice of any adverse claim to the security; and
(c) Obtains control of the certificated or uncertificated security.
(2) A protected purchaser also acquires its interest in the security free of any adverse claim.
[ 2023 c 266 § 805; 1995 c 48 § 29; 1986 c 35 § 18; 1965 ex.s. c 157 § 8-303.]

NOTES:

Construction—Effective date—2023 c 266: See notes following RCW 62A.12-101.
Effective date—1995 c 48: See RCW 62A.11-113.
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