A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article is subject to this title. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if § 9-203(b)(3) has not been satisfied;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor are governed by Title 2 or 2A of this article; and
(4) The security interest has priority over a conflicting security interest created by the debtor.
Structure Maryland Statutes
Title 9 - Secured Transactions
Subtitle 1 - General Provisions
Section 9-102 - Definitions and Index of Definitions
Section 9-103 - Purchase-Money Security Interest; Application of Payments; Burden of Establishing
Section 9-104 - Control of Deposit Account
Section 9-105 - Control of Electronic Chattel Paper
Section 9-106 - Control of Investment Property
Section 9-107 - Control of Letter-of-Credit Right
Section 9-108 - Sufficiency of Description
Section 9-110 - Security Interests Arising Under Title 2 or 2a