Title 6A
Uniform Commercial Code
Chapter 8
Investment Securities
Part 3
Transfer of Certificated and Uncertificated Securities
R.I. Gen. Laws § 6A-8-302
§ 6A-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.
History of Section.
P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.