Ky. Rev. Stat. § 355.8-303 (2026)

(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. Effective: January 1, 2025 History: Amended 2024 Ky. Acts ch. 10, sec. 43, effective January 1, 2025. -- Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 142, effective January 1, 1997. - - Created 1958 Ky. Acts ch. 77, sec. 8-303, effective July 1, 1960.