Ohio § 1308.16 Rights of purchaser - UCC 8-302

Ohio Statutes

§ 1308.16 — Rights of purchaser - UCC 8-302

Ohio § 1308.16

Title 13Commercial Transactions

Ch. 1308Investment Securities

This text of Ohio § 1308.16 (Rights of purchaser - UCC 8-302) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1308.16 (2026).

Text

(A)Except as otherwise provided in divisions (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.

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(A) Except as otherwise provided in divisions (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.