N.Y. U.C.C. Law § 8-302

Current through 2024 NY Law Chapters 1-49, 52, and 61-117
Section 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.

N.Y. U.c.c. Law § 8-302