Section 355.8-302 - Rights of purchaser(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.(2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.(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.Effective:7/1/2001
Amended 2000, Ky. Acts ch. 408, sec. 173, effective7/1/2001. -- Repealed and reenacted 1996, Ky. Acts ch. 130, sec. 141, effective 1/1/1997. --Amended 1986 Ky. Acts ch. 118, sec. 27, effective 7/1/1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-302, effective 7/1/1960.