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Session Laws, 1971
Volume 707, Page 811   View pdf image
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Marvin Mandel, Governor                         811

4. Any lien arising out of an attachment of a vehicle;

5.    Any security interest claimed on proceeds if the original secur-
ity interest did not have to be noted on the certificate of title in
order to be perfected;

6.    Any vehicle for which a certificate of title is not required
under this subtitle.

(c) FOR THE PURPOSE OF SECTIONS 3-201 TO 3-209, THE
WORDS "CLERK OF THE COURT" SHALL MEAN THE CLERKS
OF THE CIRCUIT COURTS OF THE SEVERAL COUNTIES AND
CLERK OF THE SUPERIOR COURT FOR BALTIMORE CITY
.

3-202. Same; perfection of security interests.

(a)    Unless excepted by Section 3-201 a security interest in a
vehicle of a type for which a certificate of title is required is not
valid against creditors of the owner or subsequent transferees or
secured parties of the vehicle unless perfected as provided under
Sections 3-201 to 3-209.

(b)    A security interest is perfected by the delivery to the Depart-
ment of the existing certificate of title, if any, an application for
certificate of title on a form provided or approved by the Department
containing information regarding the security interest as may rea-
sonably be required in the form, and upon payment of $2.00 as a
filing fee, which is in addition to all other fees applicable under
Sections 3-201 to 3 209. The security interest is perfected as of the
time of its creation if delivery and payment to the Department are
completed within ten (10) days of the date of its creation; otherwise,
as of the time of the delivery and
payment THIS ARTICLE, AND
WITHIN TWENTY-ONE (21) DAYS THEREAFTER BY RE-
CORDING THE LIEN IN THE RECORD OFFICE OF THE
CLERK OF THE COURT IN AND FOR THE JURISDICTION IN
THE PLACE OF RESIDENCE OF THE OWNER OF THE VE-
HICLE AS MAY BE PROVIDED FOR IN OTHER APPLICABLE
SECTIONS OF THIS CODE. THE SECURITY INTEREST IS
PERFECTED AS OF THE TIME OF ITS CREATION IF DELIV-
ERY AND PAYMENT TO THE DEPARTMENT ARE COM-
PLETED WITHIN TEN (10) DAYS OF THE DATE OF ITS
CREATION AND SUBSEQUENT DELIVERY AND PAYMENT
WITHIN TWENTY-ONE (21) DAYS TO THE RECORD OFFICE
OF THE CLERKS OF THE COURTS, AS HEREINBEFORE PRO-
VIDED, OTHERWISE AS OF THE TIME OF ITS DELIVERY
AND PAYMENT.

NOTWITHSTANDING THE PROVISIONS OF THIS PART,
SECURITY INTERESTS IN VEHICLES OWNED BY FOREIGN
CORPORATIONS SHALL BE PERFECTED IN A MANNER PRE-
SCRIBED IN SECTION 9-401(b) OF ARTICLE 95D—UNIFORM
COMMERCIAL CODE.

(c)    If a vehicle is already subject to a security interest when it
is brought into this State, the validity of the security interest in
this State is to be determined by the law (including the conflict of
law rules) of the jurisdiction where the vehicle was when the security
interest attached, subject to the following:


 

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Session Laws, 1971
Volume 707, Page 811   View pdf image
 Jump to  
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