Maryland Statutes
Subtitle 1 - General Provisions
Section 9-110 - Security Interests Arising Under Title 2 or 2a

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.