Md. Code, Com. Law § 8-303
Md. Code, Com. Law § 8-303
Maryland · Maryland Code, Commercial Law · Status: effective
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- Citation
- Md. Code, Com. Law § 8-303, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1757559
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Full text
(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest in a certificated or uncertificated security, who:
(1) Gives value;
(2) Does not have notice of any adverse claim to the security; and
(3) Obtains control of the certificated or uncertificated security.
(b) In addition to acquiring the rights of a purchaser, a protected purchaser also acquires its interest in the security free of any adverse claim.