{"data":{"id":"us-me/11-m.r.s.-8-1302","jurisdiction":"us-me","citation":"11 M.R.S. §8-1302","heading":"Rights of purchaser","body":"(1).   Except as otherwise provided in subsections (2) and (3), a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.\n(2).   A purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n(3).   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 11: UNIFORM COMMERCIAL CODE","PART 3: TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec8-1302.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"a0f7cbc067ad46d17033f08b46c945f6eb1622a82338ca6a3883b480198dae0b","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-8-1301","next":"us-me/11-m.r.s.-8-1303"},"notice":"GroundRules: Original legal text. Not legal advice."}