Section 12A:8-302 - Rights of purchasera. Except as otherwise provided in subsections b. and c. 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.b. A purchaser of a limited interest acquires rights only to the extent of the interest purchased.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. L. 1997, c. 252, s. 1; amended c. 117, s. 21, eff. 6/26/2001, op. 7/1/2001.