New York Statutes
§ 8-302 — Rights of Purchaser
New York·Law UCC Uniform Commercial Code·Part 3 Transfer of Certificated and Uncertificated Securities·Art. 8 Investment Securities
Section 8--302. Rights of Purchaser.\n (a) Except as otherwise provided in subsections (b) and (c), a\npurchaser of a certificated or uncertificated security acquires all\nrights in the security that the transferor had or had power to transfer.\n (b) A purchaser of a limited interest acquires rights only to the\nextent of the interest purchased.\n (c) A purchaser of a certificated security who as a previous holder\nhad notice of an adverse claim does not improve its position by taking\nfrom a protected purchaser.\n
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Nearby Sections
15
§ 8-101
Short Title§ 8-102
Definitions§ 8-103
Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets§ 8-105
Notice of Adverse Claim§ 8-106
Control§ 8-108
Warranties in Direct Holding§ 8-110
Applicability; Choice of Law§ 8-111
Clearing Corporation Rules§ 8-112
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