Maryland Code § CL-9-337

Section CL-9-337
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If, while a security interest in goods is perfected by any method under the law
of another jurisdiction, this State issues a certificate of title that does not show that
the goods are subject to the security interest or contain a statement that they may be
subject to security interests not shown on the certificate:
(1) A buyer of the goods, other than a person in the business of selling
goods of that kind, takes free of the security interest if the buyer gives value and
receives delivery of the goods after issuance of the certificate and without knowledge
of the security interest; and
(2) The security interest is subordinate to a conflicting security
interest in the goods that attaches, and is perfected under § 9-311(b), after issuance
of the certificate and without the conflicting secured party's knowledge of the security
interest.

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