§ 5-118. Security interest of issuer or nominated person
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 5-118
§ 5-118. Security interest of issuer or nominated person
(3) If the document is presented in a written or other tangible medium and is not a certificated security, chattel paper, a document of title, an instrument, or a letter of credit, the security interest is perfected and has priority over a conflicting security interest in the document so long as the debtor does not have possession of the document.
Credits
Added by Acts 1999, c. 282, § 2, eff. July 1, 2001.
MD Code, Commercial Law, § 5-118, MD COML § 5-118
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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