Protected purchaser
9A V.S.A. § 8—303
in effect8—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 also acquires its interest in the security free of any adverse claim.
Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997; amended 2025, No. 17, § 8, eff. July 1, 2025.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/09A/008/00303Fetched: 10/21/2026