Statute · California Commercial Code

Cal. Com. Code § 8302 — Transfer of Certificated and Uncertificated Securities

Cal. Com. Code § 8302

Type: Statute
Source: California Commercial Code
Jurisdiction: California
Date: 2000-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) Except as otherwise provided in subdivisions (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.

Citator

Cal. Com. Code § 8302 — Transfer of Certificated and Uncertificated Securities is in force in the current edition of the Code, and nothing recorded condemns it.

(a) Except as otherwise provided in subdivisions (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.