Maryland Statutes

§ 10-518

Maryland·Article gec Economic Development·Title 10
(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:

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