Maryland Statutes
§ 9-622
Maryland § 9-622
This text of Maryland § 9-622 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 9-622 (2026).
Text
(a)A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:
(1)Discharges the obligation to the extent consented to by the debtor;
(2)Transfers to the secured party all of a debtor’s rights in the collateral;
(3)Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and
(4)Terminates any other subordinate interest.
(b)A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this title.
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Bluebook (online)
Maryland § 9-622, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/9-622.