There is a newer version of the Kentucky Revised Statutes
2006 Kentucky Revised Statutes - .302 Rights of purchaser.
355.8-302 Rights of purchaser. (1) Except as otherwise provided in subsections (2) and (3) 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. (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. Effective: July 1, 2001 History: Amended 2000 Ky. Acts ch. 408, sec. 173, effective July 1, 2001. -- Repealed and reenacted 1996 Ky. Acts ch. 130, sec. 141, effective January 1, 1997. -- Amended 1986 Ky. Acts ch. 118, sec. 27, effective July 1, 1987. -- Created 1958 Ky. Acts ch. 77, sec. 8-302, effective July 1, 1960.Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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