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The Florida Senate

2010 Florida Statutes

F.S. 678.3021

Rights of purchaser.


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.


A purchaser of a limited interest acquires rights only to the extent of the interest purchased.


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.


s. 3, ch. 98-11; s. 23, ch. 2001-198.