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 2080   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

(3) PRIMARILY FOR THE BUYER'S PERSONAL, FAMILY, OR HOUSEHOLD
PURPOSES; AND

(4) BEFORE THE FILING OF A FINANCING STATEMENT COVERING THE

GOODS.

(C) TO THE EXTENT THAT IT AFFECTS THE PRIORITY OF A SECURITY
INTEREST OVER A BUYER OF GOODS UNDER SUBSECTION (B), THE PERIOD OF
EFFECTIVENESS OF A FILING MADE IN THE JURISDICTION IN WHICH THE SELLER IS
LOCATED IS GOVERNED BY § 9-316(A) AND (B).

(D) A BUYER IN ORDINARY COURSE OF BUSINESS BUYING OIL, GAS, OR OTHER
MINERALS AT THE WELLHEAD OR MINEHEAD OR AFTER EXTRACTION TAKES FREE
OF AN INTEREST ARISING OUT OF AN ENCUMBRANCE.

(E) SUBSECTIONS (A) AND (B) DO NOT AFFECT A SECURITY INTEREST IN
GOODS IN THE POSSESSION OF THE SECURED PARTY UNDER § 9-313.

9-321. LICENSEE OF GENERAL INTANGIBLE AND LESSEE OF GOODS IN ORDINARY
COURSE OF BUSINESS.

(A) IN THIS SECTION, "LICENSEE IN ORDINARY COURSE OF BUSINESS" MEANS
A PERSON THAT BECOMES A LICENSEE OF A GENERAL INTANGIBLE IN GOOD FAITH,
WITHOUT KNOWLEDGE THAT THE LICENSE VIOLATES THE RIGHTS OF, ANOTHER
PERSON IN THE GENERAL INTANGIBLE, AND IN THE ORDINARY COURSE FROM A
PERSON IN THE BUSINESS OF LICENSING GENERAL INTANGIBLES OF THAT KIND. A
PERSON BECOMES A LICENSEE IN THE ORDINARY COURSE IF THE LICENSE TO THE
PERSON COMPORTS WITH THE USUAL OR CUSTOMARY PRACTICES IN THE KIND OF
BUSINESS IN WHICH THE LICENSOR. IS ENGAGED OR WITH THE LICENSOR'S OWN
USUAL OR CUSTOMARY PRACTICES.

(B) A LICENSEE IN ORDINARY COURSE OF BUSINESS TAKES ITS RIGHTS
UNDER THE LICENSE FREE OF A SECURITY INTEREST IN THE GENERAL INTANGIBLE
CREATED BY THE LICENSOR, EVEN IF THE SECURITY INTEREST IS PERFECTED AND
THE LICENSEE KNOWS OF ITS EXISTENCE.

(C) A LESSEE IN ORDINARY COURSE OF BUSINESS TAKES ITS LEASEHOLD
INTEREST FREE OF A SECURITY INTEREST IN THE GOODS CREATED BY THE LESSOR,
EVEN IF THE SECURITY INTEREST IS PERFECTED AND THE LESSEE KNOWS OF ITS
EXISTENCE.

9-322. PRIORITIES AMONG CONFLICTING SECURITY INTERESTS IN AND
AGRICULTURAL LIENS ON SAME COLLATERAL.

(A) EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, PRIORITY AMONG
CONFLICTING SECURITY INTERESTS AND AGRICULTURAL LIENS IN THE SAME
COLLATERAL IS DETERMINED ACCORDING TO THE FOLLOWING RULES:

(1) CONFLICTING PERFECTED SECURITY INTERESTS AND
AGRICULTURAL LIENS RANK ACCORDING TO PRIORITY IN TIME OF FILING OR
PERFECTION. PRIORITY DATES FROM THE EARLIER OF THE TIME A FILING
COVERING THE COLLATERAL IS FIRST MADE OR THE SECURITY INTEREST 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 2080   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  October 11, 2023
Maryland State Archives