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.History.—s. 3, ch. 98-11; s. 23, ch. 2001-198.
Florida Legal Code