# Md. Code, Commercial Law § 8-303: –303

> Maryland · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-303

## Section

- **Citation:** Md. Code, Commercial Law § 8-303
- **Heading:** –303
- **Jurisdiction:** Maryland
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MD Code / Article gcl / Title 8 / Subtitle 3 / Section 8-303

## Text

(a) “Protected purchaser” means a purchaser of a certificated or uncertificated security, or of an interest in a certificated or uncertificated security, who:

(1) Gives value;

(2) Does not have notice of any adverse claim to the security; and

(3) Obtains control of the certificated or uncertificated security.

(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.

## Nearby sections

- [Md. Code, Commercial Law § 8-301 §8–301.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-301.md)
- [Md. Code, Commercial Law § 8-302 §8–302.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-302.md)
- [Md. Code, Commercial Law § 8-303 §8–303.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-303.md)
- [Md. Code, Commercial Law § 8-304 §8–304.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-304.md)
- [Md. Code, Commercial Law § 8-305 §8–305.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-305.md)
- [Md. Code, Commercial Law § 8-306 §8–306.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-306.md)
- [Md. Code, Commercial Law § 8-307 §8–307.](https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_Agcl_T8_S3_S8-303. Check the current official text before relying on it. Not legal advice.