{"data":{"id":"us-al/ala.-code-7-8-302","jurisdiction":"us-al","citation":"Ala. Code § 7-8-302","heading":"Rights of Purchaser.","body":"(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.\n(b) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n(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.","path":["Title 7 Commercial Code.","Article 8 Investment Securities.","Part 3 Transfer of Certificated and Uncertificated Securities."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-302","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"5fa3e1afcb0bf9f311bcb01832f8a7739a2c4f4afc2e5b3f1ca8019f045e3ed9","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-301","next":"us-al/ala.-code-7-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}