{"data":{"id":"us-md/md.-code-commercial-law-8-116","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 8–116","heading":"","body":"(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.\n(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.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=8-116","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"2e231aa206e9c9fbabc016ac9ec232b12aa9e911c6fd94ccc65de90b5f3ebf82","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-8-115","next":"us-md/md.-code-commercial-law-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}