{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.8A-302.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.8A-302.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.8A-302.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.8A-302.html"}],"law_id":68314,"edition_id":1,"section_id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","history":"1996, c. 216; 2000, c. 1007.","full_text":"a\n\nExcept 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\n\nA purchaser of a limited interest acquires rights only to the extent of the interest purchased.c\n\nA 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.","order_by":null,"text":{"0":{"id":247134,"text":"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.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":247135,"text":"A purchaser of a limited interest acquires rights only to the extent of the interest purchased.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"2":{"id":247136,"text":"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.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b"}},"ancestry":[{"id":15382,"edition_id":1,"name":"Transfer of Certificated and Uncertificated Securities","identifier":"3","label":"part","depth":2,"order_by":1,"parent_id":13421,"metadata":{},"date_created":"2026-06-26 03:54:28","date_modified":"2026-06-26 03:54:28","permalink":{"id":283721,"object_type":"structure","relational_id":15382,"identifier":"3","token":"8.8A\/3","url":"\/8.8A\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13421,"edition_id":1,"name":"Commercial Code \u2014 Investment Securities","identifier":"8.8A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:52","date_modified":"2026-06-26 03:44:52","permalink":{"id":283611,"object_type":"structure","relational_id":13421,"identifier":"8.8A","token":"8.8A","url":"\/8.8A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58567,"structure_id":15382,"section_number":"8.8A-301","catch_line":"Delivery","url":"\/8.8A-301\/","token":"8.8A\/3\/8.8A-301","metadata":false},{"id":68314,"structure_id":15382,"section_number":"8.8A-302","catch_line":"Rights of purchaser","url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","metadata":false},{"id":81304,"structure_id":15382,"section_number":"8.8A-303","catch_line":"Protected purchaser","url":"\/8.8A-303\/","token":"8.8A\/3\/8.8A-303","metadata":false},{"id":79892,"structure_id":15382,"section_number":"8.8A-304","catch_line":"Endorsement","url":"\/8.8A-304\/","token":"8.8A\/3\/8.8A-304","metadata":false},{"id":77486,"structure_id":15382,"section_number":"8.8A-305","catch_line":"Instruction","url":"\/8.8A-305\/","token":"8.8A\/3\/8.8A-305","metadata":false},{"id":82594,"structure_id":15382,"section_number":"8.8A-306","catch_line":"Effect of guaranteeing signature, endorsement, or instruction","url":"\/8.8A-306\/","token":"8.8A\/3\/8.8A-306","metadata":false},{"id":73229,"structure_id":15382,"section_number":"8.8A-307","catch_line":"Purchaser's right to requisites for registration of transfer","url":"\/8.8A-307\/","token":"8.8A\/3\/8.8A-307","metadata":false}],"previous_section":{"id":58567,"structure_id":15382,"section_number":"8.8A-301","catch_line":"Delivery","url":"\/8.8A-301\/","token":"8.8A\/3\/8.8A-301","metadata":false},"next_section":{"id":81304,"structure_id":15382,"section_number":"8.8A-303","catch_line":"Protected purchaser","url":"\/8.8A-303\/","token":"8.8A\/3\/8.8A-303","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.8A-302\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 216<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2000, chapter 1007<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":283727,"object_type":"law","relational_id":68314,"identifier":"8.8A-302","token":"8.8A\/3\/8.8A-302","url":"\/8.8A-302\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.8A-302\/","token":"8.8A\/3\/8.8A-302","dublin_core":{"Title":"Rights of purchaser","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.8A-302","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> 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. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> A purchaser of a limited interest acquires rights only to the extent of the interest purchased. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> 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. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRIGHTS OF PURCHASER (\u00a7 8.8A-302)\n\na. Except as otherwise provided in subsections (b) and (c), a purchaser of a\ncertificated or uncertificated security acquires all rights in the security that\nthe transferor had or had power to transfer.\n\nb. A purchaser of a limited interest acquires rights only to the extent of the\ninterest purchased.\n\nc. A purchaser of a certificated security who as a previous holder had notice of\nan adverse claim does not improve its position by taking from a protected\npurchaser.\n\nHISTORY: 1996, c. 216; 2000, c. 1007.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}