Md. Code Ann., Nat. Res. § 8-728
Exceptions to security interest requirements of Subtitle
Effective Jul 1, 2001Added by Acts 1975, c. 432, § 2. Amended by Acts 1990 c. 6, § 2; Acts 2001, c. 408, § 3, eff. July 1, 2001.State of Maryland
- (1) A lien given by statute or rule of law to a supplier of services or materials for the vessel;
- (2) A lien given by statute to the United States, the State, or any political subdivision of the State;
- (3) A security interest in a vessel during any period in which the vessel 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 vessels;
- (4) Any lien arising out of an attachment of a vessel;
- (5) Any security interest claimed on proceeds, as defined in § 9-102(a)(65) of the Commercial Law Article, if the original security interest did not have to be noted on the certificate of title in order to be perfected; or
- (6) Any vessel for which a certificate of title is not required under this subtitle.
Sections 8-729 through 8-736 of this subtitle do not apply to or affect:
Added by Acts 1975, c. 432, § 2. Amended by Acts 1990 c. 6, § 2; Acts 2001, c. 408, § 3, eff. July 1, 2001.