North Dakota § 41-08-28 (8-302) Rights of purchaser

North Dakota Statutes

§ 41-08-28 — (8-302) Rights of purchaser

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-08 Investment Securities

1.Except as otherwise provided in subsections 2 and 3, 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, 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.

North Dakota § 41-08-28 ((8-302) Rights of purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.