# A.R.S. § 47-8303: 47-8303 Protected purchaser

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8303

## Section

- **Citation:** A.R.S. § 47-8303
- **Heading:** 47-8303 Protected purchaser
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 47 / Chapter 8 / Article 3 / Section 8303

## Text

47-8303. 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.

## Nearby sections

- [A.R.S. § 47-8301 47-8301 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8301.md)
- [A.R.S. § 47-8302 47-8302 Rights of purchaser](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8302.md)
- [A.R.S. § 47-8303 47-8303 Protected purchaser](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8303.md)
- [A.R.S. § 47-8304 47-8304 Indorsement](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8304.md)
- [A.R.S. § 47-8305 47-8305 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8305.md)
- [A.R.S. § 47-8306 47-8306 Effect of guaranteeing signature, indorsement or instruction](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8306.md)
- [A.R.S. § 47-8307 47-8307 Purchaser's right to requisites for registration of transfer](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T47_C8_A3_S8303. Check the current official text before relying on it. Not legal advice.