The following security interests are perfected when they attach: (1) A purchase-money security interest in consumer goods, except as otherwise provided in § 9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 9-311(a); (2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; (3) A sale of a payment intangible; (4) A sale of a promissory note; (5) A security interest created by the assignment of a health-care- insurance receivable to the provider of the health-care goods or services; (6) A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article, until the debtor obtains possession of the collateral; (7) A security interest of a collecting bank arising under § 4-210 of this article; (8) A security interest of an issuer or nominated person arising under § 5-118 of this article; (9) A security interest arising in the delivery of a financial asset under § 9-206(c); (10) A security interest in investment property created by a broker or securities intermediary; (11) A security interest in a commodity contract or a commodity account created by a commodity intermediary; (12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; (13) A security interest created by an assignment of a beneficial interest in a decedent's estate; and (14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.
‹ Prev All Maryland sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.