Nebraska Uniform Commercial Code 8-302
- Uniform Commercial Code
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.
- Laws 1995, LB 97, § 32;
- Laws 1999, LB 550, § 70.