Section 8-302 - Rights of purchaser(a) Except as otherwise provided in subsections (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.Added 1995, No. 92 (Adj. Sess.), § 1, eff. 1/1/1997; amended 1999, No. 106 (Adj. Sess.), §21, eff. 7/1/2001.