{"data":{"id":"us-mi/mich.-comp.-laws-440.8302","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 440.8302","heading":"Purchaser of security; rights acquired.","body":"Sec. 8302.\n\nExcept 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\nA purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n\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":["MI Code","Chapter 440","Act Act-174-of-1962"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-440-8302","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"b8e4ce2eae84def75623886d6b7238c5b0d9136fc7b621a6e8af2d97d8631426","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-440.8301","next":"us-mi/mich.-comp.-laws-440.8303"},"notice":"GroundRules: Original legal text. Not legal advice."}