Ariz. Rev. Stat. § 47-8302

Current through L. 2024, ch. 200
Section 47-8302 - Rights of purchaser
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.
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.

A.R.S. § 47-8302