Idaho § 28-8-302 RIGHTS OF PURCHASER

Idaho Statutes

§ 28-8-302 — RIGHTS OF PURCHASER

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 3. TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES·Ch. 8 INVESTMENT SECURITIES

(1)Except as otherwise provided in subsections (2) and (3) of this section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.

(2)A purchaser of a limited interest acquires rights only to the extent of the interest purchased.

(3)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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(1) Except as otherwise provided in subsections (2) and (3) of this section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.
(2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
(3) 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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