§ 8–302
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 8-302 (2026)
Title 8. Investment Securities
Subtitle 3. Transfer of Certificated and Uncertificated Securities
§ 8–302LinkCopy Citation
(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.