Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 8-302 — Rights of Purchaser
N.Y. U.C.C. Law § 8-302
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 8--302. Rights of Purchaser.
Citator
N.Y. U.C.C. Law § 8-302 — Rights of Purchaser is in force in the current edition of the Code, and nothing recorded condemns it.
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.