# Cal. COM § 8303: Section 8303

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8303

## Section

- **Citation:** Cal. COM § 8303
- **Heading:** Section 8303
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code com / Division 8 / Chapter 3 / Section 8303

## Text

(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:

(1) Gives value.

(2) Does not have notice of any adverse claim to the security.

(3) Obtains control of the certificated or uncertificated security.

(b) A protected purchaser also acquires its interest in the security free of any adverse claim.

## Nearby sections

- [Cal. COM § 8301 Section 8301](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8301.md)
- [Cal. COM § 8302 Section 8302](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8302.md)
- [Cal. COM § 8303 Section 8303](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8303.md)
- [Cal. COM § 8304 Section 8304](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8304.md)
- [Cal. COM § 8305 Section 8305](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8305.md)
- [Cal. COM § 8306 Section 8306](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8306.md)
- [Cal. COM § 8307 Section 8307](https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Ccom_D8_C3_S8303. Check the current official text before relying on it. Not legal advice.