RCW 62A.8-302

163 words·~1 min read·/wa/title-62a/chapter-62a-8/62a-8-302·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.

[2000 c 250 s 9A-819; 1995 c 48 s 28 ; 1986 c 35 s 17 ; 1965 ex.s. c 157 s 8-302. Cf. former RCW sections:

(i)RCW 23.80.230 (2); 1939 c 100 s 23 ; RRS s 3803-123.

(ii)RCW 62.01.052 ; 1955 c 35 s 62.01.052 ; prior: 1899 c 149 s 52 ; RRS s 3443.]

Notes:

Effective date — 2000 c 250: See RCW 62A.9A-701 .

Effective date — 1995 c 48: See RCW 62A.11-113 .