---
title: O.C.G.A. § 11-8-302. Rights of purchaser.
collection: code
id: 11-8-302
cite_as: O.C.G.A. § 11-8-302 (2025)
canonical_url: https://georgiacommons.org/code/11-8-302
md_url: https://georgiacommons.org/code/11-8-302.md
text_url: https://georgiacommons.org/code/11-8-302/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=681
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-8.md
previous: https://georgiacommons.org/code/11-8-301.md
next: https://georgiacommons.org/code/11-8-303.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / INVESTMENT SECURITIES / TRANSFER OF CERTIFICATED AND UNCERTIFICATED SECURITIES
---

# O.C.G.A. § 11-8-302. Rights of purchaser.

(a) Except as otherwise provided in subsections (b) and (c) of this Code 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.

## History

Code 1981, § 11-8-302, enacted by Ga. L. 1998, p. 1323, § 1; Ga. L. 2001, p. 362, § 21.