{"data":{"id":"us-wi/wis.-stat.-408.302","jurisdiction":"us-wi","citation":"Wis. Stat. § 408.302","heading":"Rights of purchaser.","body":"(1) Except as otherwise provided in subs. (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(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":["Chs. 401-411, Uniform Commercial Code","Chapter 408 Uniform Commercial Code — Investment Securities","SUBCHAPTER III TRANSFER OF CERTIFICATED ANDUNCERTIFICATED SECURITIES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/408.302","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"325e7dddf4f1fa9f9d9d1012b8d91c0317c0ebf63c706d0915183f0fdaea2967","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-408.301","next":"us-wi/wis.-stat.-408.303"},"notice":"GroundRules: Original legal text. Not legal advice."}