§ 6A-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 of Section.P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-8 - Investment Securities
Part 3 - Transfer of Certificated and Uncertificated Securities
Section 6A-8-302. - Rights of purchaser.
Section 6A-8-303. - Protected purchaser.
Section 6A-8-304. - Indorsement.
Section 6A-8-305. - Instruction.
Section 6A-8-306. - Effect of guaranteeing signature, indorsement, or instruction.
Section 6A-8-307. - Purchaser’s right to requisites for registration of transfer.