{"data":{"id":"us-dc/d.c.-code-28-8-302","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-302","heading":"Rights of purchaser.","body":"(a)\nExcept 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\n(b)\nA purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n\n(c)\nA 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 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part III. Transfer of Certificated and Uncertificated Securities."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-302","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"f4241892a90cfb9a61b711dbe9999d78bac5e8d072026532c57478215bbe73c9","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-301","next":"us-dc/d.c.-code-28-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}