N.Y. Uniform Commercial Code Law Section 8-302
Rights of Purchaser

Section 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.

Source: Section 8-302 — Rights of Purchaser, https://www.­nysenate.­gov/legislation/laws/UCC/8-302 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 8-302’s source at nysenate​.gov

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