Rights of purchaser
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Virginia Code › Title 8.8A › Part 3 › Section 8.8A-302
Text
(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.
1996, c. 216 ; 2000, c. 1007 .
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