Versions of s. 104(1)

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2003-01-01 to present available View Source

Subject to Part VII, on delivery of a security the purchaser acquires the rights in the security that the purchaser’s transferor had or had authority to convey, except that the position of a purchaser who has been a party to any fraud or illegality affecting the security or who as a prior holder had notice of an adverse claim is not improved by taking from a later bona fide purchaser.