Rights of purchaser

Wis. Stat. § 408.302
in effect
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(1) Except as otherwise provided in subs. (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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/408.302Fetched: 10/7/2026