Maryland Statutes
Subtitle 15 - Issuance or Denial of Licenses
Section 26-1507 - Creation of Security Interest

(a)    A license holder may create a security interest in the license in favor of a landlord or a creditor of the license holder.
    (b)    The security interest shall be perfected in accordance with the Commercial Law Article.
    (c)    The license holder shall deliver to the Board a copy of the underlying security agreement that is signed by or on behalf of the individual or entity that holds the license.

Structure Maryland Statutes