clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1999
Volume 796, Page 2038   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

(9) "CASE PROCEEDS" MEANS PROCEEDS THAT ARE MONEY, CHECKS,
DEPOSIT ACCOUNTS, OR THE LIKE.

(10) "CERTIFICATE OF TITLE" MEANS A CERTIFICATE OF TITLE WITH
RESPECT TO WHICH A STATUTE PROVIDES FOR THE SECURITY INTEREST IN
QUESTION TO BE INDICATED ON THE CERTIFICATE AS A CONDITION OR RESULT OF
THE SECURITY INTEREST'S OBTAINING PRIORITY OVER THE RIGHTS OF A LIEN
CREDITOR WITH RESPECT TO THE COLLATERAL.

(11) "CHATTEL PAPER" MEANS A RECORD OR RECORDS THAT EVIDENCE
BOTH A MONETARY OBLIGATION AND A SECURITY INTEREST IN SPECIFIC GOODS, A
SECURITY INTEREST IN SPECIFIC GOODS AND SOFTWARE USED IN THE GOODS, OR A
LEASE OF SPECIFIC GOODS. THE TERM DOES NOT INCLUDE CHARTERS OR OTHER
CONTRACTS INVOLVING THE USE OR HIRE OF A VESSEL. IF A TRANSACTION IS
EVIDENCED BOTH BY A SECURITY AGREEMENT OR LEASE AND BY AN INSTRUMENT
OR SERIES OF INSTRUMENTS, THE GROUP OF RECORDS TAKEN TOGETHER
CONSTITUTES CHATTEL PAPER.

(12) "COLLATERAL" MEANS THE PROPERTY SUBJECT TO A SECURITY
INTEREST OR AGRICULTURAL LIEN. THE TERM INCLUDES:

(A) PROCEEDS TO WHICH A SECURITY INTEREST ATTACHES;

(B) ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, AND
PROMISSORY NOTES THAT HAVE BEEN SOLD; AND

(C) GOODS THAT ARE THE SUBJECT OF A CONSIGNMENT.

(13) "COMMERCIAL TORT-CLAIM" MEANS A CLAIM ARISING IN TORT WITH
RESPECT TO WHICH:

(A) THE CLAIMANT IS AN ORGANIZATION; OR

(B) THE CLAIMANT IS AN INDIVIDUAL AND THE CLAIM:

(I) AROSE IN THE COURSE OF THE CLAIMANT'S BUSINESS OR

PROFESSION; AND

(II) DOES NOT INCLUDE DAMAGES ARISING OUT OF
PERSONAL INJURY TO OR THE DEATH OR AN INDIVIDUAL.

(14) "COMMODITY ACCOUNT" MEANS AN ACCOUNT MAINTAINED BY A
COMMODITY INTERMEDIARY IN WHICH A COMMODITY CONTRACT IS CARRIED FOR A
COMMODITY CUSTOMER

(15) "COMMODITY CONTRACT" MEANS A COMMODITY FUTURES
CONTRACT, AN OPTION ON A COMMODITY FUTURES CONTRACT, A COMMODITY
OPTION, OR ANOTHER CONTRACT IF THE CONTRACT OR OPTION IS:

(A) TRADED ON OR SUBJECT TO THE RULES OF A BOARD OF TRADE
THAT HAS BEEN DESIGNATED AS A CONTRACT MARKET FOR SUCH A CONTRACT
PURSUANT TO FEDERAL COMMODITIES LAWS; OR

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1999
Volume 796, Page 2038   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact msa.helpdesk@maryland.gov.

©Copyright  August 17, 2024
Maryland State Archives