# Commercial Law (GCL)

## Title 9. Secured Transactions

### Subtitle 6. Default

#### Section 9-618

(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:

  (1) Receives an assignment of a secured obligation from the secured party;

  (2) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or

  (3) Is subrogated to the rights of a secured party with respect to collateral.

(b) An assignment, transfer, or subrogation described in subsection (a):

  (1) Is not a disposition of collateral under Sec. 9-610; and

  (2) Relieves the secured party of further duties under this title.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)