HRS §490:8-303
Who is a protected purchaser of a security
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) "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.
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