Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

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TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 8
INVESTMENT SECURITIES
PART 3.
TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
28-8-302.  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.

History:
[28-8-302, added 1995, ch. 272, sec. 2, p. 889; am. 2001, ch. 208, sec. 18, p. 815.]


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