§490:8-302 Rights of purchaser. (a) Except as otherwise provided in subsections (b) and (c), a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.
(b) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
(c) A purchaser of a certificated security who as a previous holder had notice of an adverse claim does not improve its position by taking from a protected purchaser. [L 1997, c 33, pt of §2; am L 2000, c 241, §26]
Section: Previous 490-8-205 490-8-206 490-8-207 490-8-208 490-8-209 490-8-210 490-8-301 490-8-302 490-8-303 490-8-304 490-8-305 490-8-306 490-8-307 490-8-401 490-8-402 NextLast modified: October 27, 2016