Section 6A-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.R.I. Gen. Laws § 6A-8-302
P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.