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 2049   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

"LESSEE IN ORDINARY COURSE OF BUSINESS" § 2A-103.

"LESSOR" § 2A-103.

"LESSOR'S RESIDUAL INTEREST" § 2A-103.

"LETTER OF CREDIT" § 5-102.

"MERCHANT" § 2-104.

"NEGOTIABLE INSTRUMENT" § 3-104.

"NOMINATED PERSON" § 5-102.

"NOTE" § 3-104.

"PROCEEDS OF A LETTER OF CREDIT" § 5-114.

"PROVE" § 3-103.

"SALE" § 2-106.

"SECURITIES ACCOUNT" § 8-501.

"SECURITIES INTERMEDIARY" § 8-102.

"SECURITY" § 8-102.

"SECURITY CERTIFICATE" § 8-102.

"SECURITY ENTITLEMENT" § 8-102.

"UNCERTIFICATED SECURITY' § 8-102.

(C) TITLE 1 CONTAINS GENERAL DEFINITIONS AND PRINCIPLES OF
CONSTRUCTION AND INTERPRETATION APPLICABLE TO TITLES 1 THROUGH 10 OF
THIS ARTICLE.

9-103. PURCHASE-MONEY SECURITY INTEREST; APPLICATION OF PAYMENTS;
BURDEN OF ESTABLISHING.

(A) IN THIS SECTION:

(1) "PURCHASE-MONEY COLLATERAL" MEANS GOODS OR SOFTWARE
THAT SECURES A PURCHASE-MONEY OBLIGATION INCURRED WITH RESPECT TO
THAT COLLATERAL; AND

(2) "PURCHASE-MONEY OBLIGATION" MEANS AN OBLIGATION OF AN
OBLIGOR INCURRED AS ALL OR PART OF THE PRICE OF THE COLLATERAL OR FOR
VALUE GIVEN TO ENABLE THE DEBTOR TO ACQUIRE RIGHTS IN OR THE USE OF THE
COLLATERAL IF THE VALUE IS IN FACT SO USED.

(B) A SECURITY INTEREST IN GOODS IS A PURCHASE-MONEY SECURITY
INTEREST:

 

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 2049   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