47-8302. Rights of purchaser


A. Except as otherwise provided in subsections B and C, 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.