Md. Code Ann., Com. Law § 2A-307
Priority of liens arising by attachment or levy on, security interests in, and other claims to goods
Effective Jul 1, 2001Added by Acts 1994, c. 535, § 1, eff. Jan. 1, 1995. Amended by Acts 1999, c. 282, § 2, eff. July 1, 2001.State of Maryland
- (1) Except as otherwise provided in § 2A-306, a creditor of a lessee takes subject to the lease contract.
- (2) Except as otherwise provided in subsection (3) of this section and in §§ 2A-306 and 2A-308, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.
- (3) Except as otherwise provided in §§ 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
Added by Acts 1994, c. 535, § 1, eff. Jan. 1, 1995. Amended by Acts 1999, c. 282, § 2, eff. July 1, 2001.