Oklahoma § 12A-8-302 Rights of Purchaser.

Oklahoma Statutes

§ 12A-8-302 — Rights of Purchaser.

Oklahoma § 12A-8-302

Title 12AUniform Commercial Code

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

Bluebook

Okla. Stat. tit. 12A, § 12A-8-302 (2026).

Text

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.

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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.

Legislative History

Added by Laws 1961, p. 155, § 8-302. Amended by Laws 1984, c. 76, § 19, eff. Nov. 1, 1984; Laws 1995, c. 242, § 28, eff. Feb. 1, 1996; Laws 2000, c. 371, § 164, eff. July 1, 2001.