(a) In this section, “licensee in ordinary course of business” means a person that becomes a licensee of a general intangible in good faith, without knowledge that the license violates the rights of another person in the general intangible, and in the ordinary course from a person in the business of licensing general intangibles of that kind. A person becomes a licensee in the ordinary course if the license to the person comports with the usual or customary practices in the kind of business in which the licensor is engaged or with the licensor’s own usual or customary practices.
(b) A licensee in ordinary course of business takes its rights under a nonexclusive license free of a security interest in the general intangible created by the licensor, even if the security interest is perfected and the licensee knows of its existence.
(c) A lessee in ordinary course of business takes its leasehold interest free of a security interest in the goods created by the lessor, even if the security interest is perfected and the lessee knows of its existence.
Structure Maryland Statutes
Title 9 - Secured Transactions
Subtitle 3 - Perfection and Priority
Section 9-301 - Law Governing Perfection and Priority of Security Interests
Section 9-302 - Law Governing Perfection and Priority of Agricultural Liens
Section 9-304 - Law Governing Perfection and Priority of Security Interests in Deposit Accounts
Section 9-305 - Law Governing Perfection and Priority of Security Interests in Investment Property
Section 9-307 - Location of Debtor
Section 9-308 - When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection
Section 9-309 - Security Interest Perfected Upon Attachment
Section 9-314 - Perfection by Control
Section 9-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds
Section 9-316 - Continued Perfection of Security Interest Following Change in Governing Law
Section 9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers
Section 9-320 - Buyer of Goods
Section 9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business
Section 9-323 - Future Advances
Section 9-324 - Priority of Purchase-Money Security Interests
Section 9-325 - Priority of Security Interests in Transferred Collateral
Section 9-326 - Priority of Security Interests Created by New Debtor
Section 9-327 - Priority of Security Interests in Deposit Account
Section 9-328 - Priority of Security Interests in Investment Property
Section 9-329 - Priority of Security Interests in Letter-of-Credit
Section 9-330 - Priority of Purchaser of Chattel Paper or Instrument
Section 9-332 - Transfer of Money; Transfer of Funds From Deposit Account
Section 9-333 - Priority of Certain Liens Arising by Operation of Law
Section 9-334 - Priority of Security Interests in Fixtures and Crops
Section 9-336 - Commingled Goods
Section 9-337 - Priority of Security Interests in Goods Covered by Certificate of Title
Section 9-339 - Priority Subject to Subordination
Section 9-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account
Section 9-341 - Bank's Rights and Duties With Respect to Deposit Account
Section 9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement