Michigan § 440.8302 - Purchaser of security; rights acquired.
Full text of Michigan Michigan Compiled Laws § 440.8302 — Purchaser of security; rights acquired., with citation guidance and answers to common questions.
§ 440.8302. Purchaser of security; rights acquired.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.8302
What does Michigan Compiled Laws § 440.8302 cover?
Section 440.8302 ("Purchaser of security; rights acquired.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.8302?
A common citation format is "Michigan Compiled Laws § 440.8302" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.8302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.