96

LAWS OF MARYLAND

[Ch. 49

communicate information unless such communication is part
of his regular duties or unless he has reason to know of
the transaction and that the transaction would be
materially affected by the information.

(28)    "Organization" includes a corporation,
government or governmental subdivision or agency,
business trust, estate, trust, partnership or
association, two or more persons having a joint or common
interest, or any other legal or commercial entity.

(29)  "Party," as distinct from "third party," means
a person who has engaged in a transaction or made an
agreement within TITLES 1 THROUGH 10 OF this article.

(30)   "Person" includes an individual or an
organization. (See § 1—102).

(31)    "Presumption" or "presumed" means that the
trier of fact must find the existence of the fact
presumed unless and until evidence is introduced which
would support a finding of its nonexistence.

(32)   "Purchase" includes taking by sale, discount,
negotiation, mortgage, pledge, lien, issue or re—issue,
gift or any other voluntary transaction creating an
interest in property.

(33)   "Purchaser" means a person who takes by
purchase.

(34)  "Remedy" means any remedial right to which an
aggrieved party is entitled with or without resort to a
tribunal.

(35)  "Representative" includes an agent, an officer
of a corporation or association, and a trustee, executor
or administrator of an estate, or any other person
empowered to act for another.

(36)  "Rights" includes remedies.

(37)   "Security interest," means an interest in
personal property or fixtures which secures payment or
performance of an obligation. The retention or
reservation of title by a seller of goods notwithstanding
shipment or delivery to the buyer (§ 2—401) is limited in
effect to a reservation of a "security interest." The
term also includes any interest of a buyer of accounts,
chattel paper, or contract rights which is subject to
[subtitle] TITLE 9. The special property interest of a
buyer of goods on identification of such goods to a
contract for sale under § 2—401 is not a "security
interest", but a buyer may also acquire a "security