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
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1963
Volume 671, Page 934   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

936                             LAWS OF MARYLAND                      [CH. 538

(1)  THE PROPER PLACE TO FILE IN ORDER TO PERFECT
A SECURITY INTEREST IS AS FOLLOWS:

(A)   WHEN THE COLLATERAL IS GOODS WHICH AT THE
TIME THE SECURITY INTEREST ATTACHES ARE OR ARE
TO BECOME FIXTURES, THEN IN THE OFFICE WHERE, AND
IN THE SAME RECORDS AS, A MORTGAGE ON THE REAL
ESTATE CONCERNED WOULD BE INDEXED AND FILED OR
RECORDED.

(B)  IN ALL OTHER CASES IN THE OFFICE OF THE CLERK
OF THE CIRCUIT COURT OF THE COUNTY AS FOLLOWS: IF
THE DEBTOR IS ONE OR MORE RESIDENT INDIVIDUALS AS
DISTINGUISHED FROM AN ORGANIZATION (SUB-SECTION
(28) OF SECTION 1-201), THEN WHERE HE OR EACH OF
THEM RESIDES IN THIS STATE. IF THE DEBTOR IS AN OR-
GANIZATION OR IS A NON-RESIDENT INDIVIDUAL THEN
IN THE COUNTY OF THE DEBTOR'S CHIEF PLACE OF BUSI-
NESS IN THIS STATE, BUT IF THE DEBTOR ORGANIZATION
OR NON-RESIDENT INDIVIDUAL DEBTOR HAS NO PLACE OF
BUSINESS IN THIS STATE, THEN IN THE OFFICE OF THE
STATE DEPARTMENT OF ASSESSMENTS AND TAXATION.
IN ADDITION WHEN THE COLLATERAL IS CROPS ALSO IN
THE OFFICE OF THE CLERK OF THE CIRCUIT COURT IN THE
COUNTY WHERE THE LAND ON WHICH THE CROPS ARE
GROWING OR TO BE GROWN IS LOCATED.

(2)  A filing which is made in good faith in an improper place or
not in all of the places required by this section is nevertheless effec-
tive with regard to any collateral as to which the filing complied
with the requirements of this Sub-title and is also effective with
regard to collateral covered by the financing statement against any
person who has knowledge of the contents of such financing state-
ment.

(3)  A filing which is made in the proper place in this State con-
tinues effective even though the debtor's residence or place of busi-
ness or the location of the collateral or its use, whichever controlled
the original filing, is thereafter changed.

(4) If collateral is brought into this state from another jurisdic-
tion, the rules stated in Section 9
103 determine whether filing is
necessary in this state.

(5) As used in this section, "county" includes Baltimore City,
and "clerk of the circuit court" includes the clerk of the Superior
Court of Baltimore City.

9402. Formal Requisites of Financing Statement; Amendments.

(1) A financing statement is sufficient if it is signed by the debtor
and the secured party, gives an address of the secured party from
which information concerning the security interest may be obtained,
gives a mailing address of the debtor and contains a statement indi-
cating the types, or describing the items, of collateral. A financing
statement may be filed before a security agreement is made or a
security interest otherwise attaches. When the financing statement
covers crops growing or to be grown or goods which are or are to
become fixtures, the statement must also contain a description of


 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1963
Volume 671, Page 934   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  October 11, 2023
Maryland State Archives