1. (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.

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

   1. (1) Any lien given by statute or rule of law to a supplier of services or materials for a vehicle;
   2. (2) Any lien given by statute to the United States, this State, or any political subdivision of this State;
   3. (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. (4) Any lien arising out of an attachment of a vehicle;
   5. (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 Transactions¹), if the original security interest did not have to be noted on the certificate of title in order to be perfected; or
   6. (6) Any vehicle for which a certificate of title is not required under this title.

Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 2001, c. 408, § 3, eff. July 1, 2001.

Formerly Art. 66 ½, §§ 1-183, 3-201.

Commercial Law, § 9-101 et seq.