(8-303) Protected purchaser
N.D. Cent. Code § 41-08-29
in effect41-08-29. (8-303) 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 acquires its interest in the security free of any adverse claim.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c08.pdf#nameddest=41-08-29Fetched: 10/16/2026