N.Y. UCC Law § 8-302
This is the official text of N.Y. UCC Law § 8-302, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Rights of Purchaser
Official statutory text
Section 8--302. Rights of Purchaser.\n (a) Except as otherwise provided in subsections (b) and (c), a\npurchaser of a certificated or uncertificated security acquires all\nrights in the security that the transferor had or had power to transfer.\n (b) A purchaser of a limited interest acquires rights only to the\nextent of the interest purchased.\n (c) A purchaser of a certificated security who as a previous holder\nhad notice of an adverse claim does not improve its position by taking\nfrom a protected purchaser.\n
Status: in_force · Read it on the official government site
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