§ 9-319. Rights and title of consignee with respect to creditors and purchasers
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 9-319
§ 9-319. Rights and title of consignee with respect to creditors and purchasers
(a) Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.
(b) For purposes of determining the rights of a creditor of a consignee, law other than this title determines the rights and title of a consignee while goods are in the consignee's possession if, under this subtitle, a perfected security interest held by the consignor would have priority over the rights of the creditor.
Credits
Added by Acts 1999, c. 282, § 2, eff. July 1, 2001. Amended by Acts 2001, c. 408, § 2, eff. July 1, 2001.
MD Code, Commercial Law, § 9-319, MD COML § 9-319
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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