# Va. Code Ann. § 8.8A-302: Rights of purchaser

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-302

## Section

- **Citation:** Va. Code Ann. § 8.8A-302
- **Heading:** Rights of purchaser
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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 .

## Nearby sections

- [Va. Code Ann. § 8.8A-301 Delivery](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-301.md)
- [Va. Code Ann. § 8.8A-302 Rights of purchaser](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-302.md)
- [Va. Code Ann. § 8.8A-303 Protected purchaser](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-303.md)
- [Va. Code Ann. § 8.8A-304 Endorsement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-304.md)
- [Va. Code Ann. § 8.8A-305 Instruction](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-305.md)
- [Va. Code Ann. § 8.8A-306 Effect of guaranteeing signature, endorsement, or instruction](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-306.md)
- [Va. Code Ann. § 8.8A-307 Purchaser's right to requisites for registration of transfer](https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T8.8A_P3_S8.8A-302. Check the current official text before relying on it. Not legal advice.