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.
A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
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.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities
Part 3 - . Transfer of Certificated and Uncertificated Securities
§ 75-8-302. Rights of purchaser
§ 75-8-303. Protected purchaser
§ 75-8-306. Effect of guaranteeing signature, indorsement, or instruction
§ 75-8-307. Purchaser's right to requisites for registration of transfer