clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 740   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

740 ARTICLE 21

described from the time of the docketing of such mortgage as provided for
herein, which lien shall be good and valid against, and superior to all
rights of, subsequent creditors, purchasers, mortgagees, and other lienors
and encumbrancers, and any of them, and for the purposes of this sub-
title, all such property shall be deemed to be personal property and mort-
gageable as such.

An. Code, 1924, sec. 54B. 1935, ch. 281, sec. 54B.

57. (Lien or Mortgage on Crops.) The lien of any mortgage on crops
executed in pursuance of the provisions of this sub-title shall be superior
to any mortgages or judgments or other liens upon the land upon which
any such crop has been so seeded and/or may be growing, and any sale
made under any mortgage or judgment or other lien upon such land before
said crop has been severed shall be made subject to the lien on said crops
as provided for in this sub-title; provided, however, that the provisions of
this sub-title shall not in any manner whatever affect any mortgage or
judgment, or other lien upon the land, recorded prior to the approval of
this sub-title.1

An. Code, 1924, sec. 54C. 1935, ch. 281, sec. 54C.

58. (Future Advances.) Any such mortgage may secure future ad-
vances to be made by the mortgagee, at its option, within a period of five
years, from the execution of such mortgage, but not to exceed in the
aggregate an amount stated in such mortgage; and all advances so made
shall be secured by such mortgage equally and to the same extent as the
amount originally advanced on the security of such mortgage, and all such
future advances shall be a lien upon the property therein described from
the time of the docketing of such mortgage, good and valid against and
superior to all rights of subsequent creditors, purchasers, mortgagees and
other lienors and encumbrancers and any of them.

An. Code, 1924, sec. 54D. 1935, ch. 281, sec. 54D.

59. (Replacements; Fodder Crops, Etc.) Such mortgage may include
replacements of any of the mortgaged property therein described and all
increase of animals and livestock of all kinds. No chattel mortgage of
livestock and hay, grain or other food stuffs shall be invalid in any par-
ticular because provision is contained therein, or the mortgagee consents,
that the mortgagor may use and consume food, forage and/or fodder crops
in preserving and preparing for market the livestock covered thereby.

An. Code, 1924, sec. 54E. 1935, ch. 281, sec. 54E.

60. (Execution.) Any chattel mortgage given under and pursuant to
this sub-title shall be executed by the mortgagor and need not be sealed
or witnessed, but shall be acknowledged.

An. Code, 1924, sec. 54F. 1935, ch. 281, sec. 54F.

61. (Affidavit of Consideration.) It shall not be necessary to the valid-
ity of any chattel mortgage given under and pursuant to this sub-title
for any party thereto to make or record any affidavit, affirmation or oath
as to the consideration of such chattel mortgage, the debt secured or any
other matter in connection therewith.

1 Act approved April 29, 1935, but became effective June 1, 1935.


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 740   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  Cannot perform flastmod(): Win32 Error Code = 2

Maryland State Archives