Rhode Island General Laws

R.I. Gen. Laws § 6A-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), 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.

Notes of Decisions

Cited in 1 case, 1984–1984 · leading case: Connell v. Coastal Cable T v. Inc. (In Re Coastal Cable T v. Inc.), 43 B.R. 770 (D.R.I. 1984).

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Connell v. Coastal Cable T v. Inc. (In Re Coastal Cable T v. Inc.), 43 B.R. 770 (D.R.I. 1984). · cites it 3× “Under § 6A-8-302: A “bona fide purchaser” is a purchaser for value in good faith and without notice of any adverse claim who takes delivery of a security in bearer form or of one in registered form issued to him or indorsed to him or in blank.”

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