Ch. 92

1996 LAWS OF MARYLAND

LAW AS PROVIDED IN SUBPARAGRAPH (1), BUT EXPRESSLY SPECIFIES THAT THE
COMMODITY ACCOUNT IS MAINTAINED AT AN OFFICE IN A PARTICULAR
JURISDICTION, THAT JURISDICTION IS THE COMMODITY INTERMEDIARY'S
JURISDICTION.

(3)     IF AN AGREEMENT BETWEEN THE COMMODITY
INTERMEDIARY AND COMMODITY CUSTOMER DOES NOT SPECIFY A JURISDICTION
AS PROVIDED IN SUBPARAGRAPH (1) OR (2), THE COMMODITY INTERMEDIARY'S
JURISDICTION IS THE JURISDICTION IN WHICH IS LOCATED THE OFFICE IDENTIFIED
IN AN ACCOUNT STATEMENT AS THE OFFICE SERVING THE COMMODITY
CUSTOMER'S ACCOUNT.

(4)     IF AN AGREEMENT BETWEEN THE COMMODITY
INTERMEDIARY AND COMMODITY CUSTOMER DOES NOT SPECIFY A JURISDICTION
AS PROVIDED IN SUBPARAGRAPH (1) OR (2) AND AN ACCOUNT STATEMENT DOES
NOT IDENTIFY AN OFFICE SERVING THE COMMODITY CUSTOMER'S ACCOUNT AS
PROVIDED IN , SUBPARAGRAPH (3), THE COMMODITY INTERMEDIARY'S
JURISDICTION IS THE JURISDICTION IN WHICH IS LOCATED THE CHIEF EXECUTIVE
OFFICE OF THE COMMODITY INTERMEDIARY.

(F) PERFECTION OF A SECURITY INTEREST BY FILING, AUTOMATIC
PERFECTION OF A SECURITY INTEREST IN INVESTMENT PROPERTY GRANTED BY A
BROKER OR SECURITIES INTERMEDIARY, AND AUTOMATIC PERFECTION OF A
SECURITY INTEREST IN A COMMODITY CONTRACT OR COMMODITY ACCOUNT
GRANTED BY A COMMODITY INTERMEDIARY ARE GOVERNED BY THE LOCAL LAW
OF THE JURISDICTION IN WHICH THE DEBTOR IS LOCATED.

9-105.

(1)     In this title unless the context otherwise requires:

(h) "Goods" includes all things which are movable at the time the security
interest attaches or which are fixtures (§ 9-313), but does not include money, documents,
instruments, INVESTMENT PROPERTY, COMMODITY CONTRACTS, accounts, chattel
paper, general intangibles or minerals or the like (including oil and gas) before extraction.
"Goods" also includes standing timber which is to be cut and removed under a
conveyance or contract for sale, the unborn young of animals and growing crops;

(i) "Instrument" means a negotiable instrument (defined in § 3-104), [ or a
certificated security (defined in § 8-102)] or any other writing which evidences a right to
the payment of money and is not itself a security agreement or lease and is of a type which
is in ordinary course of business transferred by delivery with any necessary indorsement
or [assignment] ASSIGNMENT. THE TERM DOES NOT INCLUDE INVESTMENT
PROPERTY;

(2)     Other definitions applying to this title and the sections in which they appear
are:

"Account." § 9-106.

"Attach." § 9-203.

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