Maryland Code § CL-9-505

Section CL-9-505
Open in Lexace · Ask the AI about this section
(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a
payment intangible or promissory note may file a financing statement, or may comply
with a statute or treaty described in § 9-311(a), using the terms "consignor",
"consignee", "lessor", "lessee", "bailor", "bailee", "licensor", "licensee", "owner",
"registered owner", "buyer", "seller", or words of similar import, instead of the terms
"secured party" and "debtor".
(b) This subtitle applies to the filing of a financing statement under
subsection (a) and, as appropriate, to compliance that is equivalent to filing a
financing statement under § 9-311(b), but the filing or compliance is not of itself a
factor in determining whether the collateral secures an obligation. If it is determined
for another reason that the collateral secures an obligation, a security interest held
by the consignor, lessor, bailor, licensor, owner, or buyer which attaches to the
collateral is perfected by the filing or compliance.

‹ 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.