Tennessee § 47-8-303 - Protected purchaser.
Full text of Tennessee Tennessee Code Annotated § 47-8-303 — Protected purchaser., with citation guidance and answers to common questions.
§ 47-8-303. Protected purchaser.
“Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest therein, who: gives value; does not have notice of any adverse claim to the security; and obtains control of the certificated or uncertificated security. In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim. Acts 1997, ch. 79, § 1.
Frequently Asked Questions About Tennessee § 47-8-303
What does Tennessee Code Annotated § 47-8-303 cover?
Section 47-8-303 ("Protected purchaser.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-8-303?
A common citation format is "Tennessee Code Annotated § 47-8-303" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-8-303 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.