§490:8-302 - Rights of purchaser. - Hawaii Statutes

     §490:8-302  Rights of 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. [L 1997, c 33, pt of §2; am L 2000, c 241, §26]