State Codes and Statutes
Statutes > Wisconsin > 408 > 408.302408.302
408.302 Rights of purchaser.408.302(1)
(1) Except as otherwise provided in subs. (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.408.302(2)
(2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.408.302(3)
(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.408.302 - ANNOT.
History: 1997 a. 297; 2001 a. 10.