# N.Y. UCC Law § 8-303: Protected Purchaser

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-303

## Section

- **Citation:** N.Y. UCC Law § 8-303
- **Heading:** Protected Purchaser
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act UCC / Article 8 / Part 3 / Section 8-303

## Text

Section 8--303. Protected Purchaser.\n (a) "Protected purchaser" means a purchaser of a certificated or\nuncertificated security, or of an interest therein, who:\n (1) gives value;\n (2) does not have notice of any adverse claim to the security;\n and\n (3) obtains control of the certificated or uncertificated\n security.\n (b) A protected purchaser also acquires its interest in the security\nfree of any adverse claim.\n

## Nearby sections

- [N.Y. UCC Law § 8-301 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-301.md)
- [N.Y. UCC Law § 8-302 Rights of Purchaser](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-302.md)
- [N.Y. UCC Law § 8-303 Protected Purchaser](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-303.md)
- [N.Y. UCC Law § 8-304 Indorsement](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-304.md)
- [N.Y. UCC Law § 8-305 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-305.md)
- [N.Y. UCC Law § 8-306 Effect of Guaranteeing Signature, Indorsement, or Instruction](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-306.md)
- [N.Y. UCC Law § 8-307 Purchaser's Right to Requisites for Registration of Transfer](https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_AUCC_A8_P3_S8-303. Check the current official text before relying on it. Not legal advice.