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Subtitle 1 - General Provisions
Section 9-101 - Short Title - This title may be cited as the Maryland Uniform Commercial...
Section 9-102 - Definitions and Index of Definitions - (a) In this title: (1) “Accession” means goods that are...
Section 9-103 - Purchase-Money Security Interest; Application of Payments; Burden of Establishing - (a) In this section: (1) “Purchase-money collateral” means goods or...
Section 9-104 - Control of Deposit Account - (a) A secured party has control of a deposit account...
Section 9-105 - Control of Electronic Chattel Paper - (a) A secured party has control of electronic chattel paper...
Section 9-106 - Control of Investment Property - (a) A person has control of a certificated security, uncertificated...
Section 9-107 - Control of Letter-of-Credit Right - A secured party has control of a letter-of-credit right to...
Section 9-108 - Sufficiency of Description - (a) Except as otherwise provided in subsections (c), (d), and...
Section 9-109 - Scope - (a) Except as otherwise provided in subsections (c) and (d),...
Section 9-110 - Security Interests Arising Under Title 2 or 2a - A security interest arising under § 2-401, § 2-505, §...
Subtitle 2 - Effectiveness of Security Agreement; Attachment of Security Agreement; Rights of Parties to Security Agreement
Section 9-201 - General Effectiveness of Security Agreement - (a) Except as otherwise provided by Titles 1 through 10...
Section 9-202 - Title to Collateral Immaterial - Except as otherwise provided with respect to consignments or sales...
Section 9-203 - Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites - (a) A security interest attaches to collateral when it becomes...
Section 9-204 - After Acquired Property; Future Advances - (a) Except as otherwise provided in subsection (b), a security...
Section 9-205 - Use or Disposition of Collateral Permissible - (a) A security interest is not invalid or fraudulent against...
Section 9-206 - Security Interest Arising in Purchase or Delivery of Financial Asset - (a) A security interest in favor of a securities intermediary...
Section 9-207 - Rights and Duties of Secured Party Having Possession or Control of Collateral - (a) Except as otherwise provided in subsection (d), a secured...
Section 9-208 - Additional Duties of Secured Party Having Control of Collateral - (a) This section applies to cases in which there is...
Section 9-209 - Duties of Secured Party if Account Debtor Has Been Notified of Assignment - (a) Except as otherwise provided in subsection (c), this section...
Section 9-210 - Request for Accounting; Request Regarding List of Collateral or Statement of Account - (a) In this section: (1) “Request” means a record of...
Subtitle 3 - Perfection and Priority
Section 9-301 - Law Governing Perfection and Priority of Security Interests - Except as otherwise provided in §§ 9-303 through 9-306, the...
Section 9-302 - Law Governing Perfection and Priority of Agricultural Liens - While farm products are located in a jurisdiction, the local...
Section 9-303 - Law Governing Perfection and Priority of Security Interests in Goods Covered by Certificate of Title - (a) This section applies to goods covered by a certificate...
Section 9-304 - Law Governing Perfection and Priority of Security Interests in Deposit Accounts - (a) The local law of a bank’s jurisdiction governs perfection,...
Section 9-305 - Law Governing Perfection and Priority of Security Interests in Investment Property - (a) Except as otherwise provided in subsection (c), the following...
Section 9-306 - Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights - (a) Subject to subsection (c), the local law of the...
Section 9-307 - Location of Debtor - (a) In this section, “place of business” means a place...
Section 9-308 - When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection - (a) Except as otherwise provided in this section and §...
Section 9-309 - Security Interest Perfected Upon Attachment - The following security interests are perfected when they attach: (1)...
Section 9-310 - When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply - (a) Except as otherwise provided in subsection (b) and §...
Section 9-311 - Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties - (a) Except as otherwise provided in subsection (d), the filing...
Section 9-312 - Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered by Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money; Perfection by Permissive Filing; Temporary Perfection Wi... - (a) A security interest in chattel paper, negotiable documents, instruments,...
Section 9-313 - When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing - (a) Except as otherwise provided in subsection (b), a secured...
Section 9-314 - Perfection by Control - (a) A security interest in investment property, deposit accounts, letter-of-credit...
Section 9-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds - (a) Except as otherwise provided in this title and in...
Section 9-316 - Continued Perfection of Security Interest Following Change in Governing Law - (a) A security interest perfected pursuant to the law of...
Section 9-317 - Interests That Take Priority Over or Take Free of Unperfected Security Interest or Agricultural Lien - (a) A security interest or agricultural lien is subordinate to...
Section 9-318 - No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers - (a) A debtor that has sold an account, chattel paper,...
Section 9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers - (a) Except as otherwise provided in subsection (b), for purposes...
Section 9-320 - Buyer of Goods - (a) Except as otherwise provided in subsection (e), a buyer...
Section 9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business - (a) In this section, “licensee in ordinary course of business”...
Section 9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral - (a) Except as otherwise provided in this section, priority among...
Section 9-323 - Future Advances - (a) Except as otherwise provided in subsection (b), for purposes...
Section 9-324 - Priority of Purchase-Money Security Interests - (a) Except as otherwise provided in subsection (g), a perfected...
Section 9-325 - Priority of Security Interests in Transferred Collateral - (a) Except as otherwise provided in subsection (b), a security...
Section 9-326 - Priority of Security Interests Created by New Debtor - (a) Subject to subsection (b), a security interest that is...
Section 9-327 - Priority of Security Interests in Deposit Account - The following rules govern priority among conflicting security interests in...
Section 9-328 - Priority of Security Interests in Investment Property - The following rules govern priority among conflicting security interests in...
Section 9-329 - Priority of Security Interests in Letter-of-Credit - The following rules govern priority among conflicting security interests in...
Section 9-330 - Priority of Purchaser of Chattel Paper or Instrument - (a) A purchaser of chattel paper has priority over a...
Section 9-331 - Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles; Priority of Interests in Financial Assets and Security Entitlements Under Title 8 - (a) This title does not limit the rights of a...
Section 9-332 - Transfer of Money; Transfer of Funds From Deposit Account - (a) A transferee of money takes the money free of...
Section 9-333 - Priority of Certain Liens Arising by Operation of Law - (a) In this section, “possessory lien” means an interest, other...
Section 9-334 - Priority of Security Interests in Fixtures and Crops - (a) A security interest under this article may be created...
Section 9-335 - Accessions - (a) A security interest may be created in an accession...
Section 9-336 - Commingled Goods - (a) In this section, “commingled goods” means goods that are...
Section 9-337 - Priority of Security Interests in Goods Covered by Certificate of Title - If, while a security interest in goods is perfected by...
Section 9-338 - Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information - If a security interest or agricultural lien is perfected by...
Section 9-339 - Priority Subject to Subordination - This title does not preclude subordination by agreement by a...
Section 9-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account - (a) Except as otherwise provided in subsection (c), a bank...
Section 9-341 - Bank's Rights and Duties With Respect to Deposit Account - Except as otherwise provided in § 9-340(c), and unless the...
Section 9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement - This title does not require a bank to enter into...
Subtitle 4 - Rights of Third Parties
Section 9-401 - Alienability of Debtor's Rights - (a) Except as otherwise provided in subsection (b) and §§...
Section 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort - The existence of a security interest, agricultural lien, or authority...
Section 9-403 - Agreement Not to Assert Defenses Against Assignee - (a) In this section, “value” has the meaning provided in...
Section 9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee - (a) Unless an account debtor has made an enforceable agreement...
Section 9-405 - Modification of Assigned Contract - (a) A modification of or substitution for an assigned contract...
Section 9-406 - Discharge of Account Debtor; Notification of Assignment; Identification and Proof of Assignment; Term Prohibiting Assignment Ineffective - (a) Subject to subsections (b) through (j), an account debtor...
Section 9-407 - Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest - (a) Except as otherwise provided in subsection (b), a term...
Section 9-408 - Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective - (a) Except as otherwise provided in subsection (b), a term...
Section 9-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective - (a) A term in a letter of credit or a...
Subtitle 5 - Filing
Section 9-501 - Filing Office - (a) Except as otherwise provided in subsection (b), if the...
Section 9-501.1 - Filing False Financing Statement Prohibited - (a) (1) In this section, “filing office” means an office...
Section 9-502 - Contents of Financing Statement; Record of Mortgage as Financing Statement; Time of Filing Financing Statement - (a) Subject to subsection (b), a financing statement is sufficient...
Section 9-503 - Name of Debtor and Secured Party - (a) A financing statement sufficiently provides the name of the...
Section 9-504 - Indication of Collateral - A financing statement sufficiently indicates the collateral that it covers...
Section 9-505 - Filing and Compliance With Other Statutes and Treaties for Consignments, Leases, Other Bailments, and Other Transactions - (a) A consignor, lessor, or other bailor of goods, a...
Section 9-506 - Effect of Errors or Omissions - (a) A financing statement substantially satisfying the requirements of this...
Section 9-507 - Effect of Certain Events on Effectiveness of Financing Statement - (a) A filed financing statement remains effective with respect to...
Section 9-508 - Effectiveness of Financing Statement if New Debtor Becomes Bound by Security Agreement - (a) Except as otherwise provided in this section, a filed...
Section 9-509 - Persons Entitled to File a Record - (a) A person may file an initial financing statement, amendment...
Section 9-510 - Effectiveness of Filed Record - (a) A filed record is effective only to the extent...
Section 9-511 - Secured Party of Record - (a) A secured party of record with respect to a...
Section 9-512 - Amendment of Financing Statement - (a) Subject to § 9-509, a person may add or...
Section 9-513 - Termination Statement - (a) A secured party shall cause the secured party of...
Section 9-514 - Assignment of Powers of Secured Party of Record - (a) Except as otherwise provided in subsection (c), an initial...
Section 9-515 - Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement - (a) Except as otherwise provided in subsections (b), (e), (f),...
Section 9-516 - What Constitutes Filing; Effectiveness of Filing - (a) Except as otherwise provided in subsection (b), communication of...
Section 9-517 - Effect of Indexing Errors - The failure of the filing office to index a record...
Section 9-518 - Claim Concerning Inaccurate or Wrongfully Filed Record - (a) A person may file in the filing office an...
Section 9-519 - Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records - (a) For each record filed in a filing office, the...
Section 9-520 - Acceptance and Refusal to Accept Record - (a) A filing office shall refuse to accept a record...
Section 9-521 - Uniform Form of Written Financing Statement and Amendment - A filing office that accepts written records may not refuse...
Section 9-522 - Maintenance and Destruction of Records - (a) The filing office shall maintain a record of the...
Section 9-523 - Information From Filing Office; Sale or License of Records - (a) If a person that files a written record requests...
Section 9-525 - Fees - (a) Except as otherwise provided in subsection (c), the fee...
Section 9-526 - Filing-Office Rules - (a) The Department shall adopt and publish rules to implement...
Subtitle 6 - Default
Section 9-601 - Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes - (a) After default, a secured party has the rights provided...
Section 9-602 - Waiver and Variance of Rights and Duties - Except as otherwise provided in § 9-624, to the extent...
Section 9-603 - Agreement on Standards Concerning Rights and Duties - (a) The parties may determine by agreement the standards measuring...
Section 9-604 - Procedure if Security Agreement Covers Real Property or Fixtures - (a) If a security agreement covers both personal and real...
Section 9-605 - Unknown Debtor or Secondary Obligor - A secured party does not owe a duty based on...
Section 9-606 - Time of Default for Agricultural Lien - For purposes of this subtitle, a default occurs in connection...
Section 9-607 - Collection and Enforcement by Secured Party - (a) If so agreed, and in any event after default,...
Section 9-608 - Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus - (a) If a security interest or agricultural lien secures payment...
Section 9-609 - Secured Party's Right to Take Possession After Default - (a) After default, a secured party: (1) May take possession...
Section 9-610 - Disposition of Collateral After Default - (a) After default, a secured party may sell, lease, license,...
Section 9-611 - Notification Before Disposition of Collateral - (a) In this section, “notification date” means the earlier of...
Section 9-612 - Timeliness of Notification Before Disposition of Collateral - (a) Except as otherwise provided in subsection (b), whether a...
Section 9-613 - Contents and Form of Notification Before Disposition of Collateral: General - Except in a consumer-goods transaction, the following rules apply: (1)...
Section 9-614 - Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction - In a consumer-goods transaction, the following rules apply: (1) A...
Section 9-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus - (a) A secured party shall apply or pay over for...
Section 9-616 - Explanation of Calculation of Surplus or Deficiency - (a) In this section: (1) “Explanation” means a writing that:...
Section 9-617 - Rights of Transferee of Collateral - (a) A secured party’s disposition of collateral after default: (1)...
Section 9-618 - Rights and Duties of Certain Secondary Obligors - (a) A secondary obligor acquires the rights and becomes obligated...
Section 9-619 - Transfer of Record or Legal Title - (a) In this section, “transfer statement” means a record authenticated...
Section 9-620 - Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral - (a) Except as otherwise provided in subsection (g), a secured...
Section 9-621 - Notification of Proposal to Accept Collateral - (a) A secured party that desires to accept collateral in...
Section 9-622 - Effect of Acceptance of Collateral - (a) A secured party’s acceptance of collateral in full or...
Section 9-623 - Right to Redeem Collateral - (a) A debtor, any secondary obligor, or any other secured...
Section 9-624 - Waiver - (a) A debtor or secondary obligor may waive the right...
Section 9-625 - Remedies for Secured Party's Failure to Comply With Title - (a) If it is established that a secured party is...
Section 9-626 - Action in Which Deficiency or Surplus Is in Issue - In an action arising from a transaction in which the...
Section 9-627 - Determination of Whether Conduct Was Commercially Reasonable - (a) The fact that a greater amount could have been...
Section 9-628 - Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor - (a) Unless a secured party knows that a person is...
Subtitle 7 - Transition
Section 9-701 - Effective Date - (a) This title takes effect at 12:01 a.m. on July...
Section 9-702 - Savings Clause - (a) Except as otherwise provided in this subtitle, this title...
Section 9-703 - Security Interest Perfected Before Effective Date - (a) A security interest that is enforceable immediately before this...
Section 9-704 - Security Interest Unperfected Before Effective Date - A security interest that is enforceable immediately before this title...
Section 9-705 - Effectiveness of Action Taken Before Effective Date - (a) If action, other than the filing of a financing...
Section 9-706 - When Initial Financing Statement Suffices as Continuation Statement - (a) The filing of an initial financing statement in the...
Section 9-707 - Amendment of Information in Pre-Effective-Date Financing Statement - (a) In this section, “pre-effective-date financing statement” means a financing...
Section 9-708 - Persons Entitled to File Initial Financing Statement or Continuation Statement - A person may file an initial financing statement or a...
Section 9-709 - Priority - (a) This title determines the priority of conflicting claims to...
Subtitle 8 - Transition Provisions for 2012 Amendments
Section 9-801 - Defined Terms - (a) In this subtitle the following words have the meanings...
Section 9-802 - Effective Date - The Act takes effect on July 1, 2013.
Section 9-803 - Savings Clause - (a) Except as otherwise provided in this subtitle, the Act...
Section 9-804 - Security Interest Perfected Before Effective Date - (a) A security interest that is a perfected security interest...
Section 9-805 - Security Interest Unperfected Before Effective Date - A security interest that is an unperfected security interest immediately...
Section 9-806 - Effectiveness of Action Taken Before Effective Date - (a) The filing of a financing statement before the Act...
Section 9-807 - When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement - (a) The filing of an initial financing statement in the...
Section 9-808 - Amendment of Pre-Effective-Date Financing Statement - (a) After the Act takes effect, a person may add...
Section 9-809 - Person Entitled to File Initial Financing Statement or Continuation Statement - A person may file an initial financing statement or a...
Section 9-810 - Priority - The Act determines the priority of conflicting claims to collateral....