{"data":{"id":"us-ar/ark.-code-ann.-4-8-302","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-8-302","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 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 8 Investment Securities","Part 3 — Transfer of Certificated and Uncertificated Securities"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"5fa3e1afcb0bf9f311bcb01832f8a7739a2c4f4afc2e5b3f1ca8019f045e3ed9","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-8-301","next":"us-ar/ark.-code-ann.-4-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}