# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 5. Maryland Agricultural and Resource-Based Industry Development Corporation

#### Section 10-518

(a) The Corporation may pledge or assign:

  (1) any of its revenues;

  (2) any of its rights to receive revenues;

  (3) money and securities in accounts established to secure a bond; and

  (4) a lien or security interest granted or assignment made to the Corporation.

(b) A pledge or assignment:

  (1) is valid and binding against any person having a claim against the Corporation, in contract, tort, or otherwise, regardless of whether the person has notice of the pledge or assignment; and

  (2) has priority over the claim.

(c) A resolution, trust agreement, assignment, financing agreement, or other instrument that creates a lien, security interest, assignment, or pledge under subsection (a) of this section:

  (1) shall be filed in the records of the Corporation; but

  (2) need not be filed or recorded elsewhere.

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