§ 10–225
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-225 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 2. Maryland Food Center Authority
§ 10–225LinkCopy Citation
(a)
The Authority may pledge or assign:
(1)
any of its revenues;
(2)
its rights to receive its revenues;
(3)
money or securities in accounts established to secure a bond; or
(4)
a lien or security interest granted or assignment made to the Authority.
(b)
(1)
A pledge or assignment under subsection (a) of this section is valid and binding from the time the pledge or assignment is made.
(2)
A lien, security interest, or assignment under subsection (a) of this section:
(i)
attaches immediately to the revenues or property pledged and then received by the Authority, without any physical delivery or further act; and
(ii)
is valid and binding against any person having a claim against the Authority, regardless of whether the person has notice of the pledge, and without the recording or filing of an instrument.