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Chapter 336
Section 336.8-302
Topics
Recent History
- 2000 336.8-302 Amended 2000 c 399 art 2 s 19
- 1995 336.8-302 Repealed 1995 c 194 art 1 s 53
- 1995 336.8-302 New 1995 c 194 art 1 s 28
This is an historical version of this statute chapter. Also view the most recent published version.
336.8-302 MS 1994 [Repealed, 1995 c 194 art 1 s 53]
336.8-302 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.
History: 1995 c 194 art 1 s 28; 2000 c 399 art 2 s 19
336.8-302 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.
History: 1995 c 194 art 1 s 28; 2000 c 399 art 2 s 19
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Revisor of Statutes