§ 5–6B-17
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-6B-17 (2026)
Title 5. Special Types of Corporations
Subtitle 6B. Maryland Cooperative Housing Corporation Act
§ 5–6B-17LinkCopy Citation
(a)
Except as provided in subsection (b) of this section, a security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in Title 9 of the Commercial Law Article.
(b)
The security interest may be perfected by the secured party’s taking possession of the membership certificate or by filing a financing statement as provided in Title 9 of the Commercial Law Article.
(c)
On request of a secured party, the cooperative housing corporation shall note on its books and records the interest of the secured party in the cooperative interest.