{"code":"COM","codeName":"Commercial Code","section":"8302","citation":"Com. Code, § 8302","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 8. INVESTMENT SECURITIES [8101. - 8603.]","url":"https://blackletter.si/commercial-code/division-8"},{"name":"CHAPTER 3. Transfer of Certificated and Uncertificated Securities [8301. - 8307.]","url":"https://blackletter.si/commercial-code/division-8/chapter-3"}],"history":"Amended by Stats. 1999, Ch. 991, Sec. 33.4.   Effective January 1, 2000.   Operative July 1, 2001, by Sec. 75 of Ch. 991.","effective":"2000-01-01","html":"<p>(a) Except as otherwise provided in subdivisions (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.</p><p>(b) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.</p><p>(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.</p>","text":"(a) Except as otherwise provided in subdivisions (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.","otherVersions":[],"url":"https://blackletter.si/commercial-code/transfer-of-certificated-and-uncertificated-securities-8302","source":"California Legislative Information bulk export (pubinfo)"}