Effective: July 1, 2001 Latest Legislation: Senate Bill 74 - 124th General Assembly (A) Except as otherwise provided in divisions (B) and (C) of this section, a purchaser of a certificated or uncertificated security acquires all rights in the security that the transferor had or had power to transfer.(B) A purchaser of a limited interest acquires rights only to the extent of the interest purchased.(C) 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.
Ohio Legal Code