{"data":{"id":"us-il/810-ilcs-5-8-302","jurisdiction":"us-il","citation":"810 ILCS 5/8-302","heading":"Rights of purchaser.","body":"(a) Except as otherwise provided in subsections (b) and (c), 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":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"652b35b4018bbd5b326e87ba800ff8ad0b8ef1748a65c848d767075d912010a0","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-301","next":"us-il/810-ilcs-5-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}