State Codes and Statutes
Statutes > Virginia > Title-8-8a > Part-3 > 8-8a-302§ 8.8A-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 to the extent ofthe interest purchased.
(c) A purchaser of a certificated security who as a previous holder hadnotice of an adverse claim does not improve its position by taking from aprotected purchaser.
(1996, c. 216; 2000, c. 1007.)
