Fla. Stat. 678.3021
Rights of purchaser

(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.

Source: Section 678.3021 — Rights of purchaser, https://www.­flsenate.­gov/Laws/Statutes/2024/0678.­3021 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 678.3021. Rights of purchaser's source at flsenate​.gov