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Florida Statute 678.3031 - Full Text and Legal Analysis

Florida Statute 678.3031 | Lawyer Caselaw & Research

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The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES

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678.3031 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.

(c) Obtains control of the certificated or uncertificated security.

(2) A protected purchaser acquires its interest in the security free of any adverse claim.

History.—s. 3, ch. 98-11; s. 66, ch. 2025-92.

F.S. 678.3031 on Google Scholar

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Amendments to 678.3031

Annotations, Discussions, Cases:

Cases Citing Statute 678.3031

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State v. Moore, 892 So. 2d 1218 (Fla. 1st DCA 2005).

Published | Florida 1st District Court of Appeal | 2005 Fla. App. LEXIS 1444, 2005 WL 350321

...om the person that requested the replacement certificate. Id. § 678.4051(2). A protected purchaser is one who gives value for the security, does not have notice of any adverse claim to the security, and obtains control of the stock certificate. Id. § 678.3031(1)....

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