Section 55-8-303 - Protected purchaser. - New Mexico Statutes

55-8-303. 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)     In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.