Legal Question in Securities Law in Colorado
nemo dat rule applied to non-registered stock
does the nemo dat rule (nemo dat quod non habet)apply to non-registered stock transfers?
Asked on 4/13/06, 12:43 pm
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
Re: nemo dat rule applied to non-registered stock
UCC 8-303 provides an exception to the nemo dat rule for protected purchasers of securities.
It is irrelevant if the security is registered. The critical issues are whether the party is a protected purchaser and that the transfer involves a traditional security.
Answered on 4/13/06, 3:36 pm
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