§ 6-110. Subsequent transfers.
When the title of a transferee to property is subject to a defect by reason of his noncompliance with the requirements of this title, then:
(1) A purchaser of any of such property from such transferee who pays no value or who takes with notice of such noncompliance takes subject to such defect, but
(2) A purchaser for value in good faith and without such notice takes free of such defect.
[An. Code 1957, art. 95B, § 6-110; 1975, ch. 49, § 2.]