{"data":{"id":"us-or/ors-78.3020","jurisdiction":"us-or","citation":"ORS 78.3020","heading":"Rights of purchaser.","body":"(1) Except as otherwise provided in subsections (2) and (3) 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      (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":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 78 — Investment Securities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors078.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"606e2d0a57321f32af44419919e492710ba5ffc25ee55d38bb586eb4ab92667f","source_id":"us-or","stale":false,"prev":"us-or/ors-78.3010","next":"us-or/ors-78.3030"},"notice":"GroundRules: Original legal text. Not legal advice."}