{"data":{"id":"us-md/md.-code-commercial-law-8-303","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 8–303","heading":"","body":"(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest in a certificated or uncertificated security, who:\n(1) Gives value;\n(2) Does not have notice of any adverse claim to the security; and\n(3) Obtains control of the certificated or uncertificated security.\n(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.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=8-303","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"4eeb536bee6ffde88de9338705db690702d52cafb642da1f0b35280b136d5981","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-8-302","next":"us-md/md.-code-commercial-law-8-304"},"notice":"GroundRules: Original legal text. Not legal advice."}