Arizona § 47-8302 Rights of purchaser

Arizona Statutes

§ 47-8302 — Rights of purchaser

Arizona·Title 47 Arizona Revised Statutes·Ch. 8 INVESTMENT SECURITIES·Art. 3 Transfer of Certificated and Uncertificated Securities

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.

Arizona § 47-8302 (Rights of purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.