Md. Code, Com. Law § 8-116
Md. Code, Com. Law § 8-116
Maryland · Maryland Code, Commercial Law · Status: effective
Cite this
- Citation
- Md. Code, Com. Law § 8-116, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757546
- Permanent ID
ys:prov:1757546@1- SHA-256
e038605294a0f191ee29957db596d7f9d0cb0d2b28fa2f3108a76deb5fd238e0
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset.
(b) A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.