70A-8-302. Rights of purchaser.
(1) Except as otherwise provided in Subsectionsand, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer. (2) (3)
(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.