La. Stat. tit. 10 § 8-302
Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 10:8-302 - 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.Added by Acts 1978, No. 165, §1, eff. 1/1/1979. Acts 1989, No. 135, §6, eff. 1/1/1990; Acts 1995, No. 884, §1, eff. 1/1/1996; Acts 2001, No. 128, §9, eff. 7/1/2001.