Arizona § 47-8302 Rights of purchaser

Arizona Statutes

§ 47-8302 — Rights of purchaser

Arizona § 47-8302

Title 47Arizona Revised Statutes

Ch. 8INVESTMENT SECURITIES

Art. 3Transfer of Certificated and Uncertificated Securities

This text of Arizona § 47-8302 (Rights of purchaser) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-8302 (2026).

Text

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.

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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.