GroundRules
Ark. Code Ann. § 4-8-302: Rights of purchaser.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 8 Investment Securities
- Part 3 — Transfer of Certificated and Uncertificated Securities
(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.
Collected 2026-09-17T21:07:03Z. Source file · JSON