Haw. Rev. Stat. § 490:8-303

Current through the 2024 Legislative Session

Section 490:8-303 - 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) A protected purchaser acquires its interest in the security free of any adverse claim.

HRS § 490:8-303

Amended by L 2023, c 132,§ 34, eff. 6/29/2023.

L 1997, c 33, pt of §2