MARVIN MANDEL, Governor

287

Maryland State Department of Assessments and Taxation and
in addition, if the debtor has a place of business in
only one county of this State, also in the office of the
clerk of the circuit court of such county or the office
of the clerk of the Superior Court of Baltimore City, or,
if the debtor has no place of business in this State, but
resides in the State, also in the office of the clerk of
the circuit court of the county in which he resides or
the office of the clerk of the Superior Court of
Baltimore City if he resides in Baltimore City.

(d) Nothing in this subsection shall be
construed to invalidate any financing statement properly
filed in good faith prior to July 1, 1971.

(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 effective with regard to any
collateral as to which the filing complied with the
requirements of this [subtitle] 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 statement.

(3)   A filing which is made in the proper place in
this State continues effective even though the debtor's
residence or place of business 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 jurisdiction, the rules stated in § 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.

9—401.1. [9-401A.] Transitional refiling procedures.

(1)    For the purposes of this section, a
"modification statement" shall include any statement
filed on or after July 1, 1971 for the purpose of
continuing perfection under, amending, terminating,
assigning rights under, or releasing collateral from the
effect of a financing statement filed pursuant to this
[subtitle] TITLE on or after February 1, 1964 and prior
to July 1, 1971.

(2)  If a security interest was perfected by filing
as required or permitted by this [subtitle] TITLE, as the
same was in effect prior to July 1, 1971, the secured
party may thereafter file a modification statement in
accordance with such prior provisions of this [subtitle]