Alaska Statutes: AS 45.08.302. Rights of Purchaser.

Alaska Statutes. Title 45. Trade and Commerce Chapter 8. Investment Securities Section 302. Rights of Purchaser.

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AS 45.08.302. Rights of Purchaser.

(a) Except as otherwise provided in (b) and (c) of this section, 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.

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