HRS §490:8-303
Who is a protected purchaser of a security
Read the official text at capitol.hawaii.gov ↗This section defines a protected purchaser as someone who pays for a security, has no knowledge of any competing claim, and gains control of it. Such a purchaser gets the security free of any other claims against it.
buyers
The statute, as written — Protected purchaser
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(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 acquires its interest in the security free of any adverse claim.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.