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Session Laws, 1975
Volume 716, Page 638   View pdf image
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638                                        LAWS OF MARYLAND                         [Ch. 49

REVISOR'S NOTE: This section is new language which
combines without substantive change the first
portion of the first sentences of each of Art.
63, §§ 34, 41, and 53(a).

The phrase "left...by any other person with
[the owner's] authority, express or implied"
is deleted as unnecessary and as encompassed
within the meaning of "with the consent of the
owner."

16-203. RIGHT TO RETAIN POSSESSION.

THE LIENOR MAY RETAIN POSSESSION OF THE PROPERTY
SUBJECT TO THE LIEN UNTIL:

(1)   THE CHARGES WHICH GIVE RISE TO THE LIEN ARE
PAID; OR

(2)    THE LIEN IS OTHERWISE DISCHARGED IN ACCORDANCE
WITH THIS SUBTITLE.

REVISOR'S NOTE: This section is new language which
combines without substantive change the last
portion of the first sentences of each of Art.
63, §§ 34, 41, and 53(a).

16-204. EFFECT OF SURRENDER OF POSSESSION.

SURRENDER OR DELIVERY OF THE PROPERTY SUBJECT TO THE
LIEN DISCHARGES THAT LIEN AGAINST A THIRD PERSON WHO IS
WITHOUT NOTICE OF THE LIEN, BUT DOES NOT DISCHARGE THE
LIEN AGAINST THE OWNER OR AGAINST A THIRD PARTY WHO HAS
NOTICE OF THE LIEN.

REVISOR'S NOTE: This section is new language which
combines without substantive change the last
sentences of each of Art. 63, §§ 34, 41, and
53(a).

16-205. SUBORDINATION OF LIEN.

(A) AIRCRAFT LIEN.

AN AIRCRAFT LIEN IS SUBORDINATE ONLY TO THE RIGHTS
OF THE HOLDER OF ANY OF THE FOLLOWING INSTRUMENTS
RELATING TO THE AIRCRAFT, EXECUTED AND RECORDED WITH THE
FEDERAL AVIATION ADMINISTRATION BEFORE THE TIME THE LIEN
BECOMES EFFECTIVE:

(1) BILL OF SALE;

(2) CONTRACT OF CONDITIONAL SALE;

 

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Session Laws, 1975
Volume 716, Page 638   View pdf image
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