Colorado Code
Part 3 - Transfer of Certificated and Uncertificated Securities
§ 4-8-302. Rights of Purchaser

Source: L. 96: Entire article R&RE, p. 220, § 2, effective July 1. L. 2001: (a) amended, p. 1443, § 34, effective July 1.
Editor's note: This section is similar to former §§ 4-8-301 and 4-8-302 as they existed prior to 1996.


Similarly, Article 8 does not determine whether a property interest in certificated or uncertificated security is acquired under other law, such as the law of gifts, trusts, or equitable remedies. Nor does Article 8 deal with transfers by operation of law. For example, transfers from decedent to administrator, from ward to guardian, and from bankrupt to trustee in bankruptcy are governed by other law as to both the time they occur and the substance of the transfer. The Article 8 rules do, however, determine whether the issuer is obligated to recognize the rights that a third party, such as a transferee, may acquire under other law. See Sections 8-207, 8-401, and 8-404.
Definitional Cross References:
"Certificated security". Section 8-102(a)(4)
"Notice of adverse claim". Section 8-105
"Protected purchaser". Section 8-303
"Purchaser". Sections 1-201(33) & 8-116
"Uncertificated security". Section 8-102(a)(18)
"Delivery". Section 8-301

Structure Colorado Code