§ 6A-8-302 - Rights of purchaser. - Rhode-island Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-302

SECTION 6A-8-302

§ 6A-8-302 Rights of purchaser. – (a) Except as otherwise provided in subsections (b) and (c), a purchaser of acertificated or uncertificated security acquires all rights in the securitythat the transferor had or had power to transfer.

(b) A purchaser of a limited interest acquires rights only tothe extent of the interest purchased.

(c) A purchaser of a certificated security who as a previousholder had notice of an adverse claim does not improve its position by takingfrom a protected purchaser.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-302

SECTION 6A-8-302

§ 6A-8-302 Rights of purchaser. – (a) Except as otherwise provided in subsections (b) and (c), a purchaser of acertificated or uncertificated security acquires all rights in the securitythat the transferor had or had power to transfer.

(b) A purchaser of a limited interest acquires rights only tothe extent of the interest purchased.

(c) A purchaser of a certificated security who as a previousholder had notice of an adverse claim does not improve its position by takingfrom a protected purchaser.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-8 > 6a-8-302

SECTION 6A-8-302

§ 6A-8-302 Rights of purchaser. – (a) Except as otherwise provided in subsections (b) and (c), a purchaser of acertificated or uncertificated security acquires all rights in the securitythat the transferor had or had power to transfer.

(b) A purchaser of a limited interest acquires rights only tothe extent of the interest purchased.

(c) A purchaser of a certificated security who as a previousholder had notice of an adverse claim does not improve its position by takingfrom a protected purchaser.