104.8303 - Protected purchaser. - Nevada Statutes

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.  In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.

      (Added to NRS by 1997, 364)