{"data":{"id":"us-nd/n.d.-cent.-code-41-08-28","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-28","heading":"(8-302) 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.\n2.A purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n3.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 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"3e569bccb07f00abc8d4f9e4cedf7560464612f616dcb6ca539fc08c945ee9d7","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-27","next":"us-nd/n.d.-cent.-code-41-08-29"},"notice":"GroundRules: Original legal text. Not legal advice."}