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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS

    Chapter 8:

      Section: 12A:8-302: Rights of purchaser

           12A:8-302. Rights of Purchaser.

a. Except as otherwise provided in subsections b. and c. of this section, 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.

L.1997, c.252, s.1; amended 2001, c.117, s.21.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 12a:8-302 (if available):



Court decisions that cite this statute: CLICK HERE.