Md. Code, Commercial Law § 8-502

This is the official text of Md. Code, Commercial Law § 8-502, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.

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§8–502.

Official statutory text

An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under § 8-501 of this subtitle for value and without notice of the adverse claim.

Status: in_force · Read it on the official government site

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