Ark. Code § 4-8-302

Current with legislation from 2024 effective through May 3, 2024.
Section 4-8-302 - 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.

Ark. Code § 4-8-302

Acts 1995, No. 425, § 1; 2001, No. 1439, § 20.