§ 15-102. Priorities in insolvency
West's Annotated Code of MarylandCommercial LawEffective: October 1, 2019
Effective: October 1, 2019
MD Code, Commercial Law, § 15-102
§ 15-102. Priorities in insolvency
(3) Lien claims of the State, a county, municipal corporation, or other political subdivision of the State perfected or recorded before the assignment or institution of the insolvency proceeding, and claims of persons having judicial liens on property of the insolvent recorded more than four months before the assignment or institution of the insolvency proceeding;
(4) Unsecured claims of individuals, to the extent of $900 for each individual, arising from the deposit, before the commencement of the case, of money in connection with the purchase, lease, or rental of property, or the purchase of services, for the personal, family, or household use of the individuals, that were not delivered or provided;
(c) For the purpose of subsection (b)(1) of this section, the landlord's claim for rent for any interest in real property in this State due not more than three months before the execution of the assignment or institution of the insolvency proceeding shall be considered a perfected lien on the distrainable property of the insolvent to the same extent as if distress for rent was levied by the landlord before the assignment or the institution of the insolvency proceeding.
Credits
Added by Acts 1975, c. 49, § 3, eff. July 1, 1975. Amended by Acts 1976, c. 388; Acts 1978, c. 311; Acts 1979, c. 490; Acts 1992, c. 536; Acts 2010, c. 611, § 2, eff. June 1, 2010; Acts 2019, c. 284, § 1, eff. Oct. 1, 2019.
Formerly Art. 47, §§ 15 to 17.
MD Code, Commercial Law, § 15-102, MD COML § 15-102
Current through legislation effective through June 1, 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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