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Session Laws, 1980
Volume 739, Page 2909   View pdf image
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HARRY HUGHES, Governor

2909

[(5)] (8) A financing statement substantially
complying with the requirements of this section is effective
even though it contains minor errors which are not seriously
misleading.

[(6)] (9) In addition to other requirements stated
herein, any person tendering for filing a financing or
continuation statement, or any amendment thereof, or an
assignment, termination or release statement, upon a printed
form shall cause said printed form to be printed in not less
than 8 point type. in black letters upon white paper of
sufficient weight and thickness as to be clearly readable.
If any such statement shall be wholly typewritten or
typewritten on a printed form the typewriting shall be in
black letters in not less than elite type upon white paper
of sufficient weight or thickness as to be clearly readable.
In those filing offices where such statements are
photostated or microfilmed no such statement upon which a
rider or riders have been placed or attached in such a
manner as to obscure, hide or cover any other part of the
statement shall be tendered or received for filing, and no
such statement not otherwise readily subject to photostating
or microfilming shall be tendered or received for filing
until a charge equal to three times the fee allowed by law
for the filing, noting in the index, furnishing a receipt
for such filing and recording of the same shall have been
paid to the filing officer. Each sheet of any such statement
tendered for filing shall not exceed in size 8 1/2 by 14
inches upon which the printed or typewritten matter shall
not be more than 6 1/2 by 10 inches and any statement
tendered for filing with sheets smaller than this maximum
shall have a margin at the top and bottom of at least 2
inches each and with side margins of at least 1 inch each.
Any person tendering any such statement for filing shall
cause the name or names of every person attached to said
statement to be typed or printed and, if a signature, to be
typed or printed below such signature. The statement shall
also contain a designation of the person and the address to
which the filing officer may deliver or mail any such
statement after it shall have been recorded as hereinafter
provided. A financing statement shall also indicate whether
or not the underlying secured transaction or transactions
being publicized by such financing statement are subject to
the recordation tax imposed by Article 81, §§ 277 and 278,
Annotated Code of Maryland, 1962 Suppl. as amended, from
time to time, or whether partially so subject. If such
transaction or transactions are wholly or partially subject
to such recordation tax then the principal amount of the
debt initially incurred shall be stated for the purpose of
computing the tax then payable, and the payment and
collection of subsequent taxes by reason of additional
indebtedness shall be governed by the provisions of said
Article 81, §§ 277 and 278 aforesaid. If a statement IS TO
BE RECORDED IN THE LAND RECORDS, [relates to collateral
which is goods which are or are to become fixtures,] such
statement must state conspicuously at its top "To Be

 

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Session Laws, 1980
Volume 739, Page 2909   View pdf image
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