§ 8–116
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 8-116 (2026)
Title 8. Investment Securities
Subtitle 1. Short Title and General Matters
§ 8–116LinkCopy Citation
(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.