Section 70A-8-302 - Rights of purchaser(1) Except as otherwise provided in Subsections (2) and (3), 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.Amended by Chapter 252, 2000 General Session.