HRS §490:8-302
Rights of a purchaser of a security
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.
everyone
The statute, as written — Rights of purchaser
(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.