Maryland Code § CL-9-323

Section CL-9-323
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(a) Except as otherwise provided in subsection (b), for purposes of
determining the priority of a perfected security interest under § 9-322(a)(1),
perfection of the security interest dates from the time an advance is made to the
extent that the security interest secures an advance that:
(1) Is made while the security interest is perfected only:
(A) Under § 9-309 when it attaches; or
(B) Temporarily under § 9-312(e), (f), or (g); and
(2) Is not made pursuant to a commitment entered into before or
while the security interest is perfected by a method other than under § 9-309 or § 9-
312(e), (f), or (g).

(b) Subsection (a) does not apply to a security interest held by a secured
party that is a buyer of accounts, chattel paper, payment intangibles, or promissory
notes or a consignor.
(c) Except as otherwise provided in subsection (d), a buyer of goods other
than a buyer in ordinary course of business takes free of a security interest to the
extent that it secures advances made after the earlier of:
(1) The time the secured party acquires knowledge of the buyer's
purchase; or
(2) 45 days after the purchase.
(d) Subsection (c) does not apply if the advance is made pursuant to a
commitment entered into without knowledge of the buyer's purchase and before the
expiration of the 45-day period.
(e) Except as otherwise provided in subsection (f), a lessee of goods, other
than a lessee in ordinary course of business, takes the leasehold interest free of a
security interest to the extent that it secures advances made after the earlier of:
(1) The time the secured party acquires knowledge of the lease; or
(2) 45 days after the lease contract becomes enforceable.
(f) Subsection (e) does not apply if the advance is made pursuant to a
commitment entered into without knowledge of the lease and before the expiration of
the 45-day period.

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