Utah Statutes
§ 70A-8-302 — Rights of purchaser.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-8 Uniform Commercial Code - Investment Securities·Part 70A-8-3 Transfer of Certificated and Uncertificated Securities
(1)Except as otherwise provided in Subsections (2) and (3), a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.
(2)A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
(3)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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Related
K & T, INC. v. Koroulis
888 P.2d 623 (Utah Supreme Court, 1994)
Timm v. Dewsnup
921 P.2d 1381 (Utah Supreme Court, 1996)
Prisbrey v. Noble
505 F.2d 170 (Tenth Circuit, 1974)
Legislative History
Amended by Chapter 252, 2000 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.