Ch. 95                                     2004 LAWS OF MARYLAND

7-603.

IF MORE THAN ONE PERSON CLAIMS TITLE TO OR POSSESSION OF THE GOODS,
THE BAILEE IS EXCUSED FROM DELIVERY UNTIL THE BAILEE HAS A REASONABLE
TIME TO ASCERTAIN THE VALIDITY OF THE ADVERSE CLAIMS OR TO COMMENCE AN
ACTION FOR INTERPLEADER THE BAILEE MAY ASSERT AN INTERPLEADER EITHER IN
DEFENDING AN ACTION FOR NONDELIVERY OF THE GOODS OR BY ORIGINAL ACTION.

8-103.

(G) A DOCUMENT OF TITLE IS NOT A FINANCIAL ASSET UNLESS §
8-102(A)(9)(III) APPLIES.

9-102.

(a)     In this title:

(30) "Document" means a document of title or a receipt of the type
described in [§ 7-201(2)] § 7-201(B) of this article.

(b)     [The] "CONTROL" AS PROVIDED IN § 7-106 AND THE following definitions
in other titles apply to this title:

"Applicant"....................................................................................................§5-102.

"Beneficiary".................................................................................................§5-102.

"Broker"........................................................................................................§8-102.

"Certificated security".................................................................................§ 8-102.

"Check"..........................................................................................................§3-104.

"Clearing corporation".................................................................................§ 8-102.

"Contract for sale"........................................................................................§ 2-106.

"Customer" ..................................................................................................§4-104.

"Entitlement holder"....................................................................................§8-102.

"Financial asset"..........................................................................................§8-102.

"Holder in due course".................................................................................§ 3-302.

"Issuer" (with respect to a letter of credit or

letter-of-credit right)..................................................................................§ 5-102.

"Issuer" (with respect to a security)...........................................................§ 8-201.

"ISSUER" (WITH RESPECT TO DOCUMENTS OF TITLE)..............................§ 7-102.

"Lease"........................................................................................................§ 2A-103.

"Lease agreement".....................................................................................§ 2A-103.

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