(A) Except as otherwise provided in divisions (B) and (C) of this section, 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.
Effective Date: 07-01-2001
Section: Previous 1308.09 1308.10 1308.11 1308.12 1308.13 1308.14 1308.15 1308.16 1308.17 1308.18 1308.19 1308.20 1308.21 1308.22 1308.23 NextLast modified: October 10, 2016