Section 26-1-8.1-302 - Rights acquired by purchaser(a) Except as otherwise provided in subsections (b) and (c), 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.As added by P.L. 247-1995, SEC.10. Amended by P.L. 57-2000, SEC.43.