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Session Laws, 1999
Volume 796, Page 2054   View pdf image
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(2) ANOTHER STATUTE OF THIS STATE EXPRESSLY GOVERNS THE
CREATION, PERFECTION, PRIORITY, OR ENFORCEMENT OF A SECURITY INTEREST
CREATED BY THIS STATE OR A GOVERNMENTAL UNIT OF THIS STATE;

(3) A STATUTE OF ANOTHER STATE, A FOREIGN COUNTRY, OR A
GOVERNMENTAL UNIT OF ANOTHER STATE OR A FOREIGN COUNTRY, OTHER THAN A
STATUTE GENERALLY APPLICABLE TO SECURITY INTERESTS, EXPRESSLY GOVERNS
CREATION, PERFECTION, PRIORITY, OR ENFORCEMENT OF A SECURITY INTEREST
CREATED BY THE STATE, COUNTRY, OR GOVERNMENTAL UNIT; OR

(4) THE RIGHTS OF A TRANSFEREE BENEFICIARY OR NOMINATED
PERSON UNDER A LETTER OF CREDIT ARE INDEPENDENT AND SUPERIOR UNDER §
5-114 OF THIS ARTICLE.

(D) THIS TITLE DOES NOT APPLY TO:

(1) A LANDLORD'S LIEN, OTHER THAN AN AGRICULTURAL LIEN;

(2) A LIEN, OTHER THAN AN AGRICULTURAL LIEN, GIVEN BY STATUTE
OR OTHER RULE OF LAW FOR SERVICES OR MATERIALS, BUT § 9-333 APPLIES WITH
RESPECT TO PRIORITY OF THE LIEN;

(3) AN ASSIGNMENT OF A CLAIM FOR WAGES, SALARY, OR OTHER
COMPENSATION OF AN EMPLOYEE;

(4) A SALE OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR
PROMISSORY NOTES AS PART OF A SALE OF THE BUSINESS OUT OF WHICH THEY
AROSE;

(5) AN. ASSIGNMENT OF ACCOUNTS, CHATTEL PAPER, PAYMENT
INTANGIBLES, OR PROMISSORY NOTES WHICH IS FOR THE PURPOSE OF COLLECTION
ONLY;

(6) AN ASSIGNMENT OF A RIGHT TO PAYMENT UNDER A CONTRACT TO
AN ASSIGNEE THAT IS ALSO OBLIGATED TO PERFORM UNDER THE CONTRACT;

(7) AN ASSIGNMENT OF A SINGLE ACCOUNT, PAYMENT INTANGIBLE, OR
PROMISSORY NOTE TO AN ASSIGNEE IN FULL OR PARTIAL SATISFACTION OF A
PREEXISTING INDEBTEDNESS;

(8) A TRANSFER OF AN INTEREST IN OR AN ASSIGNMENT OF A CLAIM
UNDER A POLICY OF INSURANCE, OTHER THAN AN ASSIGNMENT BY OR TO A
HEALTH-CARE PROVIDER OF A HEALTH-CARE-INSURANCE RECEIVABLE AND ANY
SUBSEQUENT ASSIGNMENT OF THE RIGHT TO PAYMENT, BUT §§ 9-315 AND 9-322
APPLY WITH RESPECT TO PROCEEDS AND PRIORITIES IN PROCEEDS;

(9) AN ASSIGNMENT OF A RIGHT REPRESENTED BY A JUDGMENT,
OTHER THAN A JUDGMENT TAKEN ON A RIGHT TO PAYMENT THAT WAS
COLLATERAL;

(10) A RIGHT OF RECOUPMENT OR SET-OFF, BUT:

 

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Session Laws, 1999
Volume 796, Page 2054   View pdf image
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