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Session Laws, 2003
Volume 799, Page 2619   View pdf image
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ROBERT L. EHRLICH, JR., Governor                             Ch. 372

9-304.

(b) The following rules determine a bank's jurisdiction for purposes of this
subtitle:

(1) If an agreement between the bank and [the debtor] ITS CUSTOMER
governing the deposit account expressly provides that a particular jurisdiction is the
bank's jurisdiction for purposes of this subtitle, this title, or Titles 1 through 10 of this
article, that jurisdiction is the bank's jurisdiction.

9-309.

The following security interests are perfected when they attach:

(1)     A purchase-money security interest in consumer goods, except as
otherwise provided in § 9-311(b) with respect to consumer goods that are subject to a
statute or treaty described in § 9-311(a);

(2)     An assignment of accounts or payment intangibles which does not by
itself or in conjunction with other assignments to the same assignee transfer a
significant part of the assignor's outstanding accounts or payment intangibles;

(3)     A sale of a payment intangible;

(4)     A sale of a promissory note;

(5)     A security interest created by the assignment of a
health-care-insurance receivable to the provider of the health-care goods or services;

(6)     A security interest arising under § 2-401, § 2-505, § 2-711(3), or §
2A-508(5) of this article, until the debtor obtains possession of the collateral;

(7)     A security interest of a collecting bank arising under § 4-210 of this
article;

(8)     A security interest of an issuer or nominated person arising under §
5-118 of this article;

(9)     A security interest arising in the delivery of a financial asset under §
9-206(c);

(10)   A security interest in investment property created by a broker or
securities intermediary;

(11)   A security interest in a commodity contract or a commodity account
created by a commodity intermediary;

(12)   An assignment for the benefit of all creditors of the transferor and
subsequent transfers by the assignee thereunder; [and]

(13)   A security interest created by an assignment of a beneficial interest
in a decedent's estate; AND                                                       

(14)    A SALE BY AN INDIVIDUAL OF AN ACCOUNT THAT IS A RIGHT. TO
PAYMENT OF WINNINGS IN A LOTTERY OR OTHER GAME OF CHANCE.

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Session Laws, 2003
Volume 799, Page 2619   View pdf image
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