N.J.S.A. 12A:8-302 — Rights of purchaser

12A:8-302. Rights of purchaser 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.

This is the verbatim text of N.J.S.A. 12A:8-302, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.