bona fide purchasernoun
Legal Definition of bona fide purchaser
— called also bona fide purchaser for value
Note: There are particular requirements for a bona fide purchaser of a security set out in Uniform Commercial Code section 8-302. Under this section a bona fide purchaser is one who buys a security in good faith and without notice of any adverse claims and who takes delivery of a certificated security either as a bearer security or as a registered security issued to him or her or endorsed to him or her or by a blank endorsement or to whom the transfer of an uncertificated security is registered on the books of the issuer, or as otherwise provided in section 8-313.
- Where Does 'Run-of-the-Mill' Come From?
- The Provenance of 'Providence'
- The Good, The Bad, & The Semantically Imprecise - 8/16/19
- Lovelock to Trichologist: 8 Words About Hair
- On Contractions of Multiple Words
- A Look at Uncommon Onomatopoeia
- Is Singular 'They' a Better Choice?