BLAIR LEE III, Acting Governor

1617

13-411.

(E) A VEHICLE REGISTERED AS AN HISTORIC OR ANTIQUE
VEHICLE (CLASS L) IN THIS STATE OR IN ANOTHER STATE, WHEN
USED OR DRIVEN IN THIS STATE, MAY ALSO DISPLAY VINTAGE
REGISTRATION PLATES AS AN INDICATION OF THE HISTORIC OR
ANTIQUE NATURE OF THE VEHICLE. HOWEVER, THE PLACE ON THE
VEHICLE PROVIDED FOR THE DISPLAY OF REGISTRATION PLATES MAY
ONLY BE USED FOR THE DISPLAY OF CURRENT REGISTRATION PLATES

IN ACCORDANCE WITH SUBSECTIONS (A) AND (B) OF THIS SECTION,

AND ANY VINTAGE REGISTRATION PLATES WHICH ARE USED SHALL BE
DISPLAYED ELSEWHERE ON THE VEHICLE.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 16, 1978.

CHAPTER 459

(Senate Bill 364)

AN ACT concerning

Financing Statements — Duration of Filing

FOR the purpose of extending the time certain financing
statements are effective.

BY repealing and reenacting, with amendments,

Article — Commercial Law
Section 9-403(2) and (3)
Annotated Code of Maryland
(1975 Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Commercial Law

9-403.

(2) A filed financing statement which states a
maturity date of the obligation secured of [five] 12 years
or less is effective until such maturity date and thereafter
for a period of sixty days. Any other filed financing
statement is effective for a period of [five] 12 years from
the date of filing. The effectiveness of a filed financing
statement lapses on the expiration of such sixty day period
after a stated maturity date or on the expiration of such