Texas Business & Commerce Code - Section 8.302. Rights Of Purchaser
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Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 8.302. Rights Of Purchaser
§ 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.
Amended by Acts 1995, 74th Leg., ch. 962, § 1, eff. Sept. 1,
1995; Acts 1999, 76th Leg., ch. 414, § 2.30, eff. July 1, 2001.
Section: 8.205 8.206 8.207 8.208 8.209 8.210 8.301 8.302 8.303 8.304 8.305 8.306 8.307 8.401 8.402
Last modified: August 10, 2007
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