2023 Maryland Statutes
Transportation
Title 13 - Vehicle Laws -- Certificates of Title and Registration of Vehicles
Subtitle 2 - Security Interests
Section 13-201 - "Perfected" Defined; Application of Subtitle

Universal Citation:
MD Transportation Code § 13-201 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    In this subtitle, “perfected”, as used in reference to a security interest, means that it is valid against third parties generally, subject only to specific statutory exceptions.

    (b)    This subtitle does not apply to or affect:

        (1)    Any lien given by statute or rule of law to a supplier of services or materials for a vehicle;

        (2)    Any lien given by statute to the United States, this State, or any political subdivision of this State;

        (3)    Any security interest in a vehicle during any period in which the vehicle is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling vehicles;

        (4)    Any lien arising out of an attachment of a vehicle;

        (5)    Any security interest claimed on proceeds, as that term is defined in Title 9 of the Commercial Law Article (Maryland Uniform Commercial Code -- Secured Transactions), if the original security interest did not have to be noted on the certificate of title in order to be perfected; or

        (6)    Any vehicle for which a certificate of title is not required under this title.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.