§ 7-205. Acceptance of guarantee, endorsement, or collateral not waiver of lien
West's Annotated Code of MarylandReal Property
MD Code, Real Property, § 7-205
§ 7-205. Acceptance of guarantee, endorsement, or collateral not waiver of lien
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.
Credits
Added by Acts 1974, c. 12, § 2, eff. July 1, 1974.
Formerly Art. 21, § 7-205.
MD Code, Real Property, § 7-205, MD REAL PROP § 7-205
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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