{"data":{"id":"us-sd/sdcl-57a-8-302","jurisdiction":"us-sd","citation":"SDCL § 57A-8-302","heading":"Rights of purchaser.","body":"(a) Except as otherwise provided in subsections (b) and (c), 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) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.\n(c) 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.\nSource: SL 1998, ch 284, § 1; SL 2000, ch 231, § 18.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-8. INVESTMENT SECURITIES"],"source_url":"https://sdlegislature.gov/Statutes/57A-8-302","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"962aa9d271c568ad4dff1602d10ca011e80bc117ca3a7c1730f4cf8dcbcd9218","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-8-301","next":"us-sd/sdcl-57a-8-303"},"notice":"GroundRules: Original legal text. Not legal advice."}