104.8302 - Rights of purchaser. - Nevada Statutes

104.8302  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.

      (Added to NRS by 1997, 364; A 1999, 379)