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Session Laws, 1972
Volume 708, Page 798   View pdf image
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798                               Laws of Maryland                      [Ch. 241

amended, and compliance with the provisions of Subsection 4 of
this Section 9-401A shall be mandatory.

(4) The election to file a modification statement pursuant to the
provisions of Section 9-401 as so amended shall be made by filing
the following documents in the office or offices that would be ap-
propriate to perfect the security interest under Section 9-401 as so
amended: (a) the modification statement, (b) the original or a clear
photographic or electrostatic copy of the original financing state-
ment used to perfect the security interest concerned, and (c) all
modification statements previously filed with respect to such original
financing statement. It shall not be necessary to file the documents
listed in (b) and (c) in the preceding sentence in any office where
the original financing statement had been filed.

(5)  Once an election is properly made by the secured party to
proceed under the provisions of Section 9-401 as so amended, said
provisions shall control the place of filing of the modification state-
ment effecting such election, and the filing of any subsequent modi-
fication statements relating to the original financing statement
concerned.

(6)  If an election is made after July 1, 1972 to file in accordance
with the provisions of Subsection (4) of this Section, the place or
places of filing and the name and address of the debtor and secured
party shall be determined by the facts existing at the time of filing
the modification statement effecting such election.

(7)  Any security interest originally perfected prior to July 1,
1971, the perfection of which is continued after July 1, 1971, by
use of either of the procedures permitted under this Section 9-401A
shall be deemed continuously perfected from the date of filing of
the original financing statement, so long as compliance has been
made with all other appropriate provisions of this subtitle.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1,1972.

Approved May 5, 1972.

CHAPTER 241
(Senate Bill 797)

AN ACT to repeal and re-enact, with amendments, Section 162 of
Article 48 of the Annotated Code of Maryland (1971 Replace-
ment Volume and 1971 Supplement), title "Inspections," subtitle
"Eggs," to repeal Sections 161, 163 and 164 of said article, title
and subtitle, to enact in lieu thereof new Sections 161, 163 and
164 of said article, title and subtitle, to provide standards of
quality and size (weight) classifications for shell eggs, including
tolerances thereof, and to provide labeling requirements with re-
spect to the sale of shell eggs.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 162 of Article 48 of the Annotated Code of Maryland

 

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Session Laws, 1972
Volume 708, Page 798   View pdf image
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