§ 6A-8-302 - Rights of purchaser.
SECTION 6A-8-302
§ 6A-8-302 Rights of purchaser. – (a) Except as otherwise provided in subsections (b) and (c), a purchaser of acertificated or uncertificated security acquires all rights in the securitythat the transferor had or had power to transfer.
(b) A purchaser of a limited interest acquires rights only tothe extent of the interest purchased.
(c) A purchaser of a certificated security who as a previousholder had notice of an adverse claim does not improve its position by takingfrom a protected purchaser.