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.

Added by Acts 1974, c. 12, § 2, eff. July 1, 1974.

Formerly Art. 21, § 7-205.