Maryland Statutes
§ 8-116
Maryland § 8-116
This text of Maryland § 8-116 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 8-116 (2026).
Text
(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.
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Bluebook (online)
Maryland § 8-116, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/8-116.