Md. Code, Com. Law § 8-302
Md. Code, Com. Law § 8-302
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 8-302, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757558
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Full text
(a) Except as otherwise provided in subsections (b) and (c) of this section, 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.