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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>68314</law_id><section_number>8.8A-302</section_number><catch_line>Rights of purchaser</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="8.8A">Commercial Code &#x2014; Investment Securities</unit><unit label="part" level="2" order_by="1" identifier="3">Transfer of Certificated and Uncertificated Securities</unit></structure><text>
						<section id="a"><p><span class="prefix-number">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. <a id="paragraph-247134" class="section-permalink" href="https://vacode.org/8.8A-302/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> A purchaser of a limited interest acquires rights only to the extent of the interest purchased. <a id="paragraph-247135" class="section-permalink" href="https://vacode.org/8.8A-302/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">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. <a id="paragraph-247136" class="section-permalink" href="https://vacode.org/8.8A-302/#c"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 216; 2000, c. 1007.</history><metadata></metadata></law>
