(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 s 805; 1995 c 48 s 29; 1986 c 35 s 18; 1965 ex.s. c 157 s 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.