Colo. Rev. Stat. » Title 4
Colorado Revised Statutes

Colo. Rev. Stat. § 4-8-302 (2026)

Rights of purchaser

✓ current as of July 2026
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(a) Except as otherwise provided in subsections (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.

Source: L. 96: Entire article R&RE, p. 220, § 2, effective July 1. L. 2001: (a) amended, p. 1443, § 34, effective July 1.

Editor's note: This section is similar to former §§ 4-8-301 and 4-8-302 as they existed prior to 1996.

Notes of Decisions
Cited in 5 cases, 1994–2013 · leading case: Knappenberger v. Shea, 874 P.2d 498 (Colo. Ct. App. 1994).
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Knappenberger v. Shea, 874 P.2d 498 (Colo. Ct. App. 1994). · cites it 10× “2) are applicable to § 4-8-302. See § 4-8-102(6), C.R.S. (1992 RepLVol.”
Flatiron Linen, Inc. v. First Am. State Bank, 1 P.3d 244 (Colo. Ct. App. 2000). “In order to be a holder in due course, plaintiff was required to have taken the cashier's check for value pursuant to § 4-8-302(3)(2)(i), However, there was no value or consideration supporting the obligated bank's issuance of the cashier's check because it was exchanged for the…”
Deutsche Bank Trust Co. Americas v. Samora, 321 P.3d 590 (Colo. Ct. App. 2013). “See § 4-8-302(a); *600 cf. Investors' Fin. Co.”
Am. Sec. Transfer, Inc. v. Pantheon Indus., Inc., 871 F. Supp. 400 (D. Colo. 1994). “§ 4-8-302(2). Although a genuine dispute exists whether A.”
De La Rosa v. W. Funding, Inc., 24 P.3d 637 (Colo. Ct. App. 2001). “See § 4-8-302, Because of its status as an assignee of the seller's rights in this consumer credit sale, however, by statute defendant takes the right to payment subject to any claims or defenses that the plaintiffs could assert against the seller.”
— Colo. Rev. Stat. § 4-8-302(2) — 2 cases
Knappenberger v. Shea, 874 P.2d 498 (Colo. Ct. App. 1994). “2) are applicable to § 4-8-302. See § 4-8-102(6), C.R.S. (1992 RepLVol.”
Am. Sec. Transfer, Inc. v. Pantheon Indus., Inc., 871 F. Supp. 400 (D. Colo. 1994). “§ 4-8-302(2). Although a genuine dispute exists whether A.”
— Colo. Rev. Stat. § 4-8-302(2)(a) — 1 case
Knappenberger v. Shea, 874 P.2d 498 (Colo. Ct. App. 1994). “2) are applicable to § 4-8-302. See § 4-8-102(6), C.R.S. (1992 RepLVol.”
— Colo. Rev. Stat. § 4-8-302(3) — 1 case
Knappenberger v. Shea, 874 P.2d 498 (Colo. Ct. App. 1994). “2) are applicable to § 4-8-302. See § 4-8-102(6), C.R.S. (1992 RepLVol.”
— Colo. Rev. Stat. § 4-8-302(3)(2)(i) — 1 case
Flatiron Linen, Inc. v. First Am. State Bank, 1 P.3d 244 (Colo. Ct. App. 2000). “In order to be a holder in due course, plaintiff was required to have taken the cashier's check for value pursuant to § 4-8-302(3)(2)(i), However, there was no value or consideration supporting the obligated bank's issuance of the cashier's check because it was exchanged for the…”
— Colo. Rev. Stat. § 4-8-302(a) — 1 case
Deutsche Bank Trust Co. Americas v. Samora, 321 P.3d 590 (Colo. Ct. App. 2013). “See § 4-8-302(a); *600 cf. Investors' Fin. Co.”
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