Md. Code, Com. Law § 8-210
Md. Code, Com. Law § 8-210
Maryland · Maryland Code, Commercial Law · Status: effective
Cite this
- Citation
- Md. Code, Com. Law § 8-210, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757556
- Permanent ID
ys:prov:1757556@1- SHA-256
87958384d53778b1ea359998856de3af2e65fd14023db146ab313d9462af3595
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) In this section, “overissue” means the issue of securities in excess of the amount the issuer has corporate power to issue, but an overissue does not occur if appropriate action has cured the overissue.
(b) Except as otherwise provided in subsections (c) and (d) of this section, the provisions of this title which validate a security or compel its issue or reissue do not apply to the extent that validation, issue, or reissue would result in overissue.
(c) If an identical security not constituting an overissue is reasonably available for purchase, a person entitled to issue or validation may compel the issuer to purchase the security and deliver it if certificated or register its transfer if uncertificated, against surrender of any security certificate the person holds.
(d) If a security is not reasonably available for purchase, a person entitled to issue or validation may recover from the issuer the price the person or the last purchaser for value paid for it with interest from the date of the person's demand.