§ 8-102. Definitions
West's Annotated Code of MarylandCommercial LawEffective: June 1, 2012
Effective: June 1, 2012
MD Code, Commercial Law, § 8-102
§ 8-102. Definitions
(iii) Any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws but for an exclusion or exemption from the registration requirement, if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.
(7) “Entitlement holder” means a person identified in the records of a securities intermediary as the person having a security entitlement against the securities intermediary. If a person acquires a security entitlement by virtue of § 8-501(b)(2) or (3) of this title, that person is the entitlement holder.
1. A security;
2. An obligation of a person or a share, participation, or other interest in a person or in property or an enterprise of a person, which is, or is of a type, dealt in or traded on financial markets, or which is recognized in any area in which it is issued or dealt in as a medium for investment; or
3. Any property that is held by a securities intermediary for another person in a securities account if the securities intermediary has expressly agreed with the other person that the property is to be treated as a financial asset under this title.
1. Is, or is of a type, dealt in or traded on securities exchanges or securities markets; or
2. Is a medium for investment and by its terms expressly provides that it is a security governed by this title.
Appropriate person | § 8-107 | |
Control | § 8-106 | |
Delivery | § 8-301 | |
Investment company security | § 8-103 | |
Issuer | § 8-201 | |
Overissue | § 8-210 | |
Protected purchaser | § 8-303 | |
Securities account | § 8-501 |
Credits
Added by Acts 1996, c. 92, § 2, eff. Oct. 1, 1996. Amended by Acts 2012, c. 673, § 2, eff. June 1, 2012.
MD Code, Commercial Law, § 8-102, MD COML § 8-102
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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