§ 9–704
Statutes in effect as of October 1, 2026.
Md. Code Ann., Com. Law § 9-704 (2026)
Title 9. Secured Transactions
Subtitle 7. Transition
§ 9–704LinkCopy Citation
A security interest that is enforceable immediately before this title takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
(1)
Remains an enforceable security interest for one year after this title takes effect;
(2)
Remains enforceable thereafter if the security interest becomes enforceable under § 9-203 when this title takes effect or within one year thereafter; and
(3)
Becomes perfected:
(A)
Without further action, when this title takes effect if the applicable requirements for perfection under this title are satisfied before or at that time; or
(B)
When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.