N.Y. Uniform Commercial Code Law § 8-302 : Uniform Commercial Code — Investment Securities — Rights of Purchaser

  • Date:

Current through 2016 New York Laws, Chapters 1 to 237

(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.
N.Y. U.c.c. Law § 8-302
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