New Jersey Statutes
§ 12A:8-302 — Rights of purchaser
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 12A:8-302 (Rights of purchaser) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 12A:8-101
Short Title.§ 12A:8-102
Definitions.§ 12A:8-103
Rule for determining whether certain obligations and interests are securities or financial assets.§ 12A:8-105. Notice of Adverse Claim.
§ 12A:8-105. Notice of Adverse Claim.§ 12A:8-106
Control§ 12A:8-108. Warranties in Direct Holding.
§ 12A:8-108. Warranties in Direct Holding.§ 12A:8-109
Warranties in Indirect Holding.§ 12A:8-110
Applicability; choice of law.§ 12A:8-111
Clearing Corporation Rules.§ 12A:8-112. Creditor's Legal Process.
§ 12A:8-112. Creditor's Legal Process.§ 12A:8-113
Statute of Frauds Inapplicable.