State Codes and Statutes
Statutes > Idaho > Title28 > T28ch8 > T28ch8pt3 > T28ch8sect28-8-302COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 3.
TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
28-8-302. Rights of purchaser. (1) Except as otherwise provided in subsections (2) and (3) 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.
(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.
