HRS §490:8-302
Rights of a purchaser of a security
Read the official text at capitol.hawaii.gov ↗This section explains what rights you get when you buy a security. Generally, you get whatever rights the seller had or could transfer. If you buy only part of an interest, you only get that part. If you already knew about a competing claim, buying from a protected seller doesn't improve your position.
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The statute, as written — Rights of purchaser
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.