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Ch. 3 2007 Laws of Maryland
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(F) SECURED CLAIM.
(1) "SECURED CLAIM" MEANS A CLAIM THAT:
(I) IS SECURED BY MORTGAGE, TRUST DEED, PLEDGE, DEPOSIT AS
SECURITY, ESCROW, OR OTHERWISE; OR
(II) HAS BECOME A LIEN ON SPECIFIC ASSETS THROUGH JUDICIAL
PROCESS.
(2) "SECURED CLAIM" DOES NOT INCLUDE A SPECIAL DEPOSIT CLAIM OR
A CLAIM AGAINST GENERAL ASSETS.
REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(z).
No changes are made.
Defined terms: "General assets" § 10-472
"Special deposit claim" § 10-472
(G) SPECIAL DEPOSIT CLAIM.
(1) "SPECIAL DEPOSIT CLAIM" MEANS A CLAIM SECURED BY A DEPOSIT
REQUIRED BY LAW FOR THE SECURITY OR BENEFIT OF A LIMITED CLASS OF
PERSONS.
(2) "SPECIAL DEPOSIT CLAIM" DOES NOT INCLUDE A CLAIM AGAINST
GENERAL ASSETS.
REVISOR'S NOTE: This subsection formerly was Art. 70B, § 7(aa).
No changes are made.
Defined terms: "Deposit" § 10-401
"General assets" § 10-472
"Person" §§ 1-101, 10-401
(H) TRANSFER
"TRANSFER" MEANS:
(1) THE SALE OR OTHER DIRECT OR INDIRECT DISPOSITION OF
PROPERTY OR AN INTEREST IN PROPERTY;
(2) THE FIXING OF A LIEN ON PROPERTY OR AN INTEREST IN PROPERTY;
OR
(3) THE RETENTION OF A SECURITY TITLE TO PROPERTY DELIVERED TO
A DEBTOR
REVISOR'S NOTE: This subsection is new language derived without
substantive change from former Art. 70B, § 7(dd).
The former phrase "when used in conjunction with property in §§ 20A
through 21 of this subtitle" is deleted as surplusage.
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