2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 08. Investment Securities
Article 3. Purchase.
Sec. 45.08.302. Rights of purchaser.

Universal Citation: AK Stat § 45.08.302 (2019)

(a) Except as otherwise provided in (b) and (c) of this section, 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.

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