§ 8–303
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 8-303 (2026)
Title 8. Investment Securities
Subtitle 3. Transfer of Certificated and Uncertificated Securities
§ 8–303LinkCopy Citation
(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.