MARVIN MANDEL, Governor

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delivery.

7—602. Attachment of goods covered by a negotiable
document.

Except where the document was originally issued upon
delivery of the goods by a person who had no power to
dispose of them, no lien attaches by virtue of any
judicial process to goods in the possession of a bailee
for which a negotiable document of title is outstanding
unless the document be first surrendered to the bailee or
its negotiation enjoined, and the bailee shall not be
compelled to deliver the goods pursuant to process until
the document is surrendered to him or impounded by the
court. One who purchases the document for value without
notice of the process or injunction takes free of the
lien imposed by judicial process.

7—603. Conflicting claims; interpleader.

If more than one person claims title or possession
of the goods, the bailee is excused from delivering until
he has had a reasonable time to ascertain the validity of
the adverse claims or to bring an action to compel all
claimants to interplead and may compel such interpleader,
either in defending an action for non—delivery of the
goods, or by original action, whichever is appropriate.

TITLE 8. INVESTMENT SECURITIES.

SUBTITLE 1. SHORT TITLE AND GENERAL MATTERS.

8-101. Short title.

This [subtitle] TITLE shall be known and may be
cited as MARYLAND Uniform Commercial Code—Investment
Securities.

8—102. Definitions and index of definitions.

(1) In this [subtitle] TITLE unless the context
otherwise requires

(a) A "security" is an instrument which

(i) Is issued in bearer or registered form;
and

(ii) Is of a type commonly dealt in upon
securities exchanges or markets or commonly recognized in
any area in which it is issued or dealt in as a medium
for investment; and

(iii) Is either one of a class or series or