Maryland Statutes

§ 9-704

Maryland·Article gcl Commercial Law·Title 9

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.

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Nearby Sections

15
§ 9-101
§ 9-101
§ 9-102
§ 9-102
§ 9-103
§ 9-103
§ 9-104
§ 9-104
§ 9-105
§ 9-105
§ 9-106
§ 9-106
§ 9-107
§ 9-107
§ 9-108
§ 9-108
§ 9-109
§ 9-109
§ 9-110
§ 9-110
§ 9-201
§ 9-201
§ 9-202
§ 9-202
§ 9-203
§ 9-203
§ 9-204
§ 9-204
§ 9-205
§ 9-205
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