{"data":{"id":"us-nc/n.c.-gen.-stat.-25-8-302","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-8-302","heading":"Rights of purchaser.","body":"(a)\tExcept as otherwise provided in subsections (b) and (c) of this section, 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)\tA purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n(c)\tA 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. (1899, c. 733, s. 52; Rev., s. 2201; C.S., s. 3033; 1965, c. 700, s. 1; 1989, c. 588, s. 1; 1997-181, s. 1; 2000-169, s. 25.)","path":["Chapter 25. Uniform Commercial Code.","Article 8. Investment Securities.","Part 3. Transfer of Certificated and Uncertificated Securities."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-8-302.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"88f1a2272f421927b46e6fcae32a56d3e94500d4362c4e32ca922d2f73df030a","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-8-301","next":"us-nc/n.c.-gen.-stat.-25-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}