New Jersey § 12A:8-302 Rights of purchaser

New Jersey Statutes

§ 12A:8-302 — Rights of purchaser

New Jersey § 12A:8-302

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:8-302 (Rights of purchaser) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:8-302 (2026).

Text

12A:8-302. Rights of Purchaser.

a.Except as otherwise provided in subsections b. and c. 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.

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. L.1997, c.252, s.1; amended 2001, c.117, s.21.

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12A:8-302. Rights of Purchaser. a. Except as otherwise provided in subsections b. and c. 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. 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. L.1997, c.252, s.1; amended 2001, c.117, s.21.