2012 Utah Code
Title 70A - Uniform Commercial Code
Article 8 - Uniform Commercial Code - Investment Securities
Section 302 - Rights of purchaser.
(1) Except as otherwise provided in Subsections (2) and (3), 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.
Amended by Chapter 252, 2000 General Session
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