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§ 22-507. Financing if financier does not become licensee

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 22. Maryland Uniform Computer Information Transactions Act (Refs & Annos)
Subtitle 5. Transfer of Interests and Rights; Ownership and Transfers; Financing Arrangements (Refs & Annos)
Part II. Financing Arrangements
MD Code, Commercial Law, § 22-507
§ 22-507. Financing if financier does not become licensee
Currentness
If a financier does not become a licensee in connection with its financial accommodation contract, the following rules apply:
(1) The financier does not receive the benefits or burdens of the license.
(2) The licensee's rights and obligations with respect to the information and informational rights are governed by:
(A) The license;
(B) Any rights of the licensor under other law; and
(C) To the extent not inconsistent with subparagraphs (A) and (B) of this paragraph, any financial accommodation contract between the financier and the licensee, which may add additional conditions to the licensee's right to use the licensed information or informational rights.

Credits

Added by Acts 2000, c. 11, § 1, eff. Oct. 1, 2000.
MD Code, Commercial Law, § 22-507, MD COML § 22-507
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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