Nev. Rev. Stat. » NRS: CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES
Nevada Revised Statutes

Nev. Rev. Stat. § 104.8302 (2026)

Rights of purchaser

✓ current as of July 2026
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NRS 104.8302  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.

      (Added to NRS by 1997, 364; A 1999, 379)

     

Notes of Decisions
Cited in 2 cases, 2005–2009 · leading case: ARTHUR W. TIFFORD, PA v. Tandem Energy Corp., 562 F.3d 699 (5th Cir. 2009).
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ARTHUR W. TIFFORD, PA v. Tandem Energy Corp., 562 F.3d 699 (5th Cir. 2009). “” Nev.Rev. Stat. § 104.8302(1). Because Certificate 1069 was cancelled in 2005, goes the argument, Tifford received a worthless piece of paper.”
Smouha v. Metro. Transit Auth., 8 Misc. 3d 248 (N.Y. Sup. Ct. 2005). “(See, UCC 8-302, Comment 2; Nev Rev Stat § 104.8302.) It is defendants’ position that the provisions of the UCC, as codified under both Nevada and Delaware law, as well as that of New York, preclude recovery by plaintiff.”
— Nev. Rev. Stat. § 104.8302(1) — 1 case
ARTHUR W. TIFFORD, PA v. Tandem Energy Corp., 562 F.3d 699 (5th Cir. 2009). “” Nev.Rev. Stat. § 104.8302(1). Because Certificate 1069 was cancelled in 2005, goes the argument, Tifford received a worthless piece of paper.”
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