Title 104 · NRS Chapter 104
Protected purchaser.
Citation: NRS 104.8303
Section: 104.104.8303
NRS
104.8303
Protected purchaser.
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; and
(c) Obtains control of the certificated or uncertificated security.
2. A protected purchaser also acquires its interest in the security free of any adverse claim.
(Added to NRS by 1997, 364 ; A 2023, 3193 )