2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 83 - Transfer of Certificated and Uncertificated Securities
Section 8302 - Rights of purchaser

     § 8302.  Rights of purchaser.
        (a)  Rights acquired by purchaser.--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)  Rights acquired by purchaser of limited interest.--A
     purchaser of a limited interest acquires rights only to the
     extent of the interest purchased.
        (c)  Limitation on rights acquired from protected
     purchaser.--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.
     (June 8, 2001, P.L.123, No.18, eff. July 1, 2001)

        2001 Amendment.  Act 18 amended subsec. (a).