§ 678.3021, Fla. Stat. · Part III. TRANSFER OF CERTIFICATED ANDUNCERTIFICATED SECURITIES
Rights of purchaser.
Text — 2026 Florida Statutes
(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.
Notes and commentary — not statutory text
History
s. 3, ch. 98-11; s. 23, ch. 2001-198.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0678/0678.html
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- Composed by
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.