Bill Search
Find Your Legislator
Legislative Deadlines
Sept. 17, 2014
RSS Feed Permanent URL -A +A

2012 Statute



Prev Article 8. - INVESTMENT SECURITIESNext


84-8-302.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.

History: L. 1996, ch. 202, § 55; L. 2000, ch. 142, § 152; July 1, 2001.



Prev Article 8. - INVESTMENT SECURITIESNext
2014. Powered by KLISS. Rendered: 2014-09-17T16:46:31. Head Rev No: 351364