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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1308.16 | Rights of purchaser - UCC 8-302.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1308 Investment Securities
 
Effective:
July 1, 2001
Latest Legislation:
Senate Bill 74 - 124th General Assembly
PDF:
Download Authenticated PDF
 

(A) Except as otherwise provided in divisions (B) and (C) 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.

(B) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.

(C) 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.

Available Versions of this Section