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§ 8-728. Exceptions to security interest requirements of Subtitle

West's Annotated Code of MarylandNatural Resources

West's Annotated Code of Maryland
Natural Resources
Title 8. Waters (Refs & Annos)
Subtitle 7. State Boat Act (Refs & Annos)
MD Code, Natural Resources, § 8-728
§ 8-728. Exceptions to security interest requirements of Subtitle
Sections 8-729 through 8-736 of this subtitle do not apply to or affect:
(1) A lien given by statute or rule of law to a supplier of services or materials for the vessel;
(2) A lien given by statute to the United States, the State, or any political subdivision of the State;
(3) A security interest in a vessel during any period in which the vessel 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 vessels;
(4) Any lien arising out of an attachment of a vessel;
(5) Any security interest claimed on proceeds, as defined in § 9-102(a)(65) of the Commercial Law Article, if the original security interest did not have to be noted on the certificate of title in order to be perfected; or
(6) Any vessel for which a certificate of title is not required under this subtitle.

Credits

Added by Acts 1975, c. 432, § 2. Amended by Acts 1990 c. 6, § 2; Acts 2001, c. 408, § 3, eff. July 1, 2001.
MD Code, Natural Resources, § 8-728, MD NAT RES § 8-728
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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