{"code":"COM","codeName":"Commercial Code","section":"8303","citation":"Com. Code, § 8303","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","url":"https://blackletter.si/commercial-code/division-8"},{"name":"CHAPTER 3. Transfer of Certificated and Uncertificated Securities [8301. - 8307.]","url":"https://blackletter.si/commercial-code/division-8/chapter-3"}],"history":"Amended by Stats. 2023, Ch. 210, Sec. 23.   (SB 95)   Effective January 1, 2024.","effective":"2024-01-01","html":"<p>(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following:</p><p>(1) Gives value.</p><p>(2) Does not have notice of any adverse claim to the security.</p><p>(3) Obtains control of the certificated or uncertificated security.</p><p>(b) A protected purchaser also acquires its interest in the security free of any adverse claim.</p>","text":"(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who does all of the following: (1) Gives value. (2) Does not have notice of any adverse claim to the security. (3) Obtains control of the certificated or uncertificated security. (b) A protected purchaser also acquires its interest in the security free of any adverse claim.","otherVersions":[],"url":"https://blackletter.si/commercial-code/transfer-of-certificated-and-uncertificated-securities-8303","source":"California Legislative Information bulk export (pubinfo)"}