678.3031 Protected purchaser.
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Florida Code › Title XXXIX › Chapter 678 › Part III › Section 678.3031
Text
(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. (c) Obtains control of the certificated or uncertificated security.
(2) A protected purchaser acquires its interest in the security free of any adverse claim.
History: s. 3, ch. 98-11; s. 66, ch. 2025-92.
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