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Session Laws, 2003
Volume 799, Page 3601   View pdf image
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ROBERT L. EHRLICH, JR., Governor                           H.B. 374

9-102.

(a)     In this title:

(5) "Agricultural lien" means an interest[, other than a security
interest,] in farm products:

(A)    Which secures payment or performance of an obligation for:

(i) Goods or services furnished in connection with a debtor's
farming operation; or

(ii) Rent on real property leased by a debtor in connection
with its farming operation;

(B)     Which is created by statute in favor of a person that:

(i) In the ordinary course of its business furnished goods or
services to a debtor in connection with a debtor's farming operation; or

(ii) Leased real property to a debtor in connection with the
debtor's farming operation; and

(C)    Whose effectiveness does not depend on the person's possession
of the personal property.

(46) "Health-care-insurance receivable" means an interest in or claim
under a policy of insurance which is a right to payment of a monetary obligation for
health-care goods or services provided OR TO BE PROVIDED.

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;

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Session Laws, 2003
Volume 799, Page 3601   View pdf image
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