| << Previous Section (70A-8-301) | Next Section (70A-8-303) >> |
Uniform Commercial Code | |
Uniform Commercial Code - Investment Securities | |
Section 302 | Rights of purchaser. |
|
70A-8-302. Rights of purchaser. (1) Except as otherwise provided in Subsections (2) and (3), a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. (2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased. (3) 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 Chapter 252, 2000 General Session |
| << Previous Section (70A-8-301) | Next Section (70A-8-303) >> |