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Ch. 14
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698
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MARYLAND
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LAWS OF
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Inclusion of both provisions, therefore, was clearly but
an inadvertent drafting error.
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SUBTITLE 2. SECURITY INTERESTS.
13-201. DEFINITIONS; APPLICATION OF SUBTITLE.
(A) "PERFECTED" DEFINED.
IN THIS SUBTITLE, "PERFECTED", AS USED IN REFERENCE
TO A SECURITY INTEREST, MEANS THAT IT IS VALID AGAINST
THIRD PARTIES GENERALLY, SUBJECT ONLY TO SPECIFIC
STATUTORY EXCEPTIONS.
(B) APPLICATION OF SUBTITLE.
THIS SUBTITLE DOES NOT APPLY TO OR AFFECT;
(1) ANY LIEN GIVEN BY STATUTE OR RULE OF LAW
TO A SUPPLIER OF SERVICES OR MATERIALS FOR A VEHICLE;
(2) ANY LIEN GIVEN BY STATUTE TO THE UNITED
STATES, THIS STATE, OR ANY POLITICAL SUBDIVISION OF THIS
STATE;
(3) ANY SECURITY INTEREST IN A VEHICLE
CREATED BY A MANUFACTURER OR DEALER WHO HOLDS THE VEHICLE
FOR SALE;
(4) ANY LIEN ARISING OUT OF AN ATTACHMENT OF
A VEHICLE;
(5) ANY SECURITY INTEREST CLAIMED ON
PROCEEDS, AS THAT TERM IS DEFINED IN TITLE 9 OF THE
COMMERCIAL LAW ARTICLE (MARYLAND UNIFORM COMMERCIAL CODE
- SECURED TRANSACTIONS), IF THE ORIGINAL SECURITY
INTEREST DID NOT HAVE TO BE NOTED ON THE CERTIFICATE OF
TITLE IN ORDER TO BE PERFECTED; OR
(6) ANY VEHICLE FOR WHICH A CERTIFICATE OF
TITLE IS NOT REQUIRED UNDER THIS TITLE.
REVISOR'S NOTE: This section presently appears as
Art. 66 1/2, §3-201 and, as to the definition
of "perfected", the last sentence of Art. 66
1/2, §1-183.
Present §3-201(c), which defines "clerk of the
court", is deleted as obsolete. The
definition was needed in the past when this
subtitle required filing with both the
Administration and the "clerk of the court";
this subtitle since has been amended to permit
central filing with the Administration alone
and the defined term no longer is used.
The substance of present §3—101(a), which
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