§ 8-302. Rights of purchaser

MD Comm L Code § 8-302 (2019) (N/A)
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(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.