|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
701
|
|
|
|
|
MARVIN MANDEL, Governor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOCATED WHEN THE SECURITY INTEREST ATTACHED, IT MAY BE
PERFECTED IN THIS STATE, IN WHICH CASE PERFECTION DATES
FROM THE TIME OF PERFECTION IN THIS STATE.
REVISOR'S NOTE: This section presently appears as
Art. 66 1/2, §3-202 - except for that part of
present §3—202(b) that relates to the
disposition of filing fees, which now appears
in §13-208 of this subtitle.
In subsection (a) of this section, the present
reference to a vehicle "of a type for which a
certificate of title is required" is deleted
as repetitious of §13-201(b)(6) and,
therefore, unnecessary.
In subsection (b) (1) (ii) of this section, the
short title "Maryland Vehicle Law" is
substituted for "this article"; see §11-206 of
this article.
In subsection (c) of this section, present
§3—202(2)(iii) has been transferred to
paragraph (4) since it deals with unperfected
security interests, and, therefore, should not
be included as a part of paragraph (3), which
applies to "already perfected" security
interests from foreign jurisdictions. This
revised enumeration of items conforms to the
counterpart to this section in the Uniform
Vehicle Code.
The only other changes are in style.
13-203. SAME - APPLICATION BY OWNER.
(A) APPLICATION.
IF AN OWNER CREATES A SECURITY INTEREST IN A
VEHICLE, THE PROVISIONS OF THIS SECTION APPLY.
(B) APPLICATION BY OWNER.
THE OWNER IMMEDIATELY SHALL:
(1) EXECUTE THE APPLICATION IN THE SPACE
PROVIDED FOR THIS PURPOSE ON THE CERTIFICATE OF TITLE OR
ON THE SEPARATE FORM THAT THE ADMINISTRATION OTHERWISE
REQUIRES, NAMING THE SECURED PARTY ON THE CERTIFICATE OF
TITLE AND SHOWING THE NAME AND ADDRESS OF THE SECURED
PARTY, THE AMOUNT OF THE SECURITY INTEREST, AND THE DATE
OF HIS SECURITY AGREEMENT; AND
(2) DELIVER THE CERTIFICATE OF TITLE AND
APPLICATION TO THE ADMINISTRATION.
|
|
|
|
|
|
|
|
|
|
(C) PAYMENT OF FEE BY SECURED PARTY; TIME OF
PERFECTION.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
