6 Del. C. § 8-302

Rights of purchaser.

Last amended: 2004Year: 2026Length: 79 wordsSubsections: 3Official source
(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.
6 Del. C. § 8-302: Rights of purchaser. | Justis AI