§ 9–110
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 9-110 (2026)
Title 9. Secured Transactions
Subtitle 1. General Provisions
§ 9–110LinkCopy Citation
A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article is subject to this title. However, until the debtor obtains possession of the goods:
(1)
The security interest is enforceable, even if § 9-203(b)(3) has not been satisfied;
(2)
Filing is not required to perfect the security interest;
(3)
The rights of the secured party after default by the debtor are governed by Title 2 or 2A of this article; and
(4)
The security interest has priority over a conflicting security interest created by the debtor.