2906

LAWS OF MARYLAND

Ch. 824

(6) FOR THE PURPOSE OF THIS SECTION, THE RESIDENCE OF
AN ORGANIZATION IS ITS PLACE OF BUSINESS, IF IT HAS ONE, OR
ITS CHIEF EXECUTIVE OFFICE IF IT HAS MORE THAN ONE PLACE OF
BUSINESS.

[(5)] (7) As used in this section, "county" includes
Baltimore City, and "clerk of the circuit court" includes
the clerk of the Superior Court of Baltimore City.

9-402.

(1) A financing statement is sufficient if it GIVES THE
NAMES OF THE DEBTOR AND THE SECURED PARTY, is signed by the
debtor [and the secured party], gives an address of the
secured party from which information concerning the security
interest may be obtained, gives a mailing address of the
debtor and contains a statement indicating the types, or
describing the items, of collateral. A financing statement
may be filed before a security agreement is made or a
security interest otherwise attaches. When the financing
statement covers crops growing or to be grown [or goods
which are or are to become fixtures], the statement must
also contain a description of the real estate concerned.
WHEN THE FINANCING STATEMENT COVERS TIMBER TO BE CUT OR
COVERS MINERALS OR THE LIKE (INCLUDING OIL AND GAS) OR
ACCOUNTS SUBJECT TO SUBSECTION (5) OF § 9-103, OR WHEN THE
COLLATERAL IS GOODS WHICH ARE OR ARE TO BECOME FIXTURES, THE
STATEMENT MUST ALSO COMPLY WITH SUBSECTION (5). A copy of
the security agreement is sufficient as a financing
statement if it contains the above information and is signed
by [both parties.] THE DEBTOR. A CARBON, PHOTOGRAPHIC OR
OTHER REPRODUCTION OF A SECURITY AGREEMENT OR A FINANCING
STATEMENT IS SUFFICIENT AS A FINANCING STATEMENT IF THE
SECURITY AGREEMENT SO PROVIDES OR IF THE ORIGINAL HAS BEEN
FILED IN THIS STATE.

(2)  A financing statement which otherwise complies
with subsection (1) is sufficient [although] WHEN it is
signed [only] by the secured party [when] INSTEAD OF THE
DEBTOR IF it is filed to perfect a security interest in

(a)  Collateral already subject to a security
interest in another jurisdiction when it is brought into
this State[.], OR WHEN THE DEBTOR'S LOCATION IS CHANGED TO
THIS STATE. Such a financing statement must state that the
collateral was brought into this State OR THAT THE DEBTOR'S
LOCATION WAS CHANGED TO THIS STATE under such
circumstances[.]; OR

(b)  Proceeds under § 9-306, if the security
interest in the original collateral was perfected. Such a
financing statement must describe the original
collateral[.]; OR

(C) COLLATERAL AS TO WHICH THE FILING HAS
LAPSED; OR