There is a newer version of the Maryland Code
2013 Maryland Code
REAL PROPERTY
§ 7-205 - Acceptance of guarantee or collateral does not waive lien
MD Real Prop Code § 7-205 (2013) What's This?
§7-205.
The acceptance by the vendor of any guarantee, endorsement, collateral, or other security to insure the full payment of any vendor’s lien, may not be construed as a waiver of the lien. However, the purchaser shall be credited with the proceeds from the sale of any collateral or other securities.
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