GroundRules
D.C. Code § 28:8-302: Rights of purchaser.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 8. Investment Securities.
- Part III. 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 2026-08-29T05:44:07Z. Source file · JSON