{"data":{"id":"us-md/md.-code-commercial-law-8-115","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 8–115","heading":"","body":"A securities intermediary that has transferred a financial asset in accordance with an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:\n(1) Took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(2) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) In the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=8-115","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"51501cd22ce393b76ffeba4cf0e952becad0257aaa4262a14654e7cdb85fc2a6","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-8-114","next":"us-md/md.-code-commercial-law-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}