264

LAWS OF MARYLAND

[Ch. 49

for purposes other than transportation through this
State, then the validity of the security interest in this
State is to be determined by the law of this State. If
the security interest was already perfected under the law
of the jurisdiction where the property was when the
security interest attached and before being brought into
this State, the security interest continues perfected in
this State for four months and also thereafter if within
the four months period it is perfected in this State.
The security interest may also be perfected in this State
after the expiration of the four month period; in such
case perfection dates from the time of perfection in this
State. If the security interest was not perfected under
the law of the jurisdiction where the property was when
the security interest attached and before being brought
into this State, it may be perfected in this State; in
such case perfection dates from the time of perfection in
this State.

(4)    Notwithstanding subsections (2) and (3), if
personal property is covered by a certificate of title
issued under a statute of this State or any other
jurisdiction which requires indication on a certificate
of title of any security interest in the property as a
condition of perfection, then the perfection is governed
by the law of the jurisdiction which issued the
certificate.

(5)   Notwithstanding subsection (1) and § 9—302, if
the office where the assignor of accounts or contract
rights keeps his records concerning them is not located
in a jurisdiction which is a part of the United States,
its territories or possessions, and the accounts or
contract rights are within the jurisdiction of this State
or the transaction which creates the security interest
otherwise bears an appropriate relation to this State,
this [subtitle] TITLE governs the validity and perfection
of the security interest and the security interest may
only be perfected by notification to the account debtor.

9—104. Transactions excluded from (subtitle] TITLE.

This [subtitle] TITLE does not apply

(a)    To a security interest subject to any
statute of the United States such as the Ship mortgage
Act, 1920, to the extent that such statute governs the
rights of parties to and third parties affected by
transactions in particular types of property; or

(b)   To a landlord's lien; or

(c)    To a lien given by statute or other rule
of law for services or materials except as provided in §