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2017 Arizona Revised Statutes
Title 47 - Uniform Commercial Code
§ 47-8302 Rights of purchaser
Universal Citation: AZ Rev Stat § 47-8302 (2017)
47-8302. 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.
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