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2000 Florida Code
TITLE XXXIX COMMERCIAL RELATIONS
Chapter 678 Uniform Commercial Code: Investment Securities
PART III TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES (ss. 678.3011-678.3071)
678.3021 Rights of purchaser.
678.3021 Rights of purchaser.--
(1) Except as otherwise provided in subsections (2) and (3), upon delivery of a certificated or uncertificated security to a purchaser, the purchaser acquires all rights in the security that the transferor had or had power to transfer.
(2) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.
(3) 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.--s. 3, ch. 98-11.
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