California § 8302. 8302. (Amended by Stats. 1999, Ch. 991, Sec. 33.4.)

California Statutes

§ 8302. — 8302. (Amended by Stats. 1999, Ch. 991, Sec. 33.4.)

California § 8302.

Code COMCommercial Code - COM

Div. 8.DIVISION 8. INVESTMENT SECURITIES

Ch. 3.CHAPTER 3. Transfer of Certificated and Uncertificated Securities

This text of California § 8302. (8302. (Amended by Stats. 1999, Ch. 991, Sec. 33.4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 8302. (2026).

Text

(a)Except as otherwise provided in subdivisions (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 subdivisions (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.

Legislative History

Amended by Stats. 1999, Ch. 991, Sec. 33.4. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991.

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California § 8302., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/8302..