California Statutes
§ 8302. — 8302. (Amended by Stats. 1999, Ch. 991, Sec. 33.4.)
California·Code COM Commercial Code - COM·Div. 8. DIVISION 8. INVESTMENT SECURITIES·Ch. 3. CHAPTER 3. Transfer of Certificated and Uncertificated Securities
(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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California § 8302. (8302. (Amended by Stats. 1999, Ch. 991, Sec. 33.4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.