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§ 5-6B-17. Perfection of interest

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6b. Maryland Cooperative Housing Corporation Act (Refs & Annos)
MD Code, Corporations and Associations, § 5-6B-17
§ 5-6B-17. Perfection of interest
(a) Except as provided in subsection (b) of this section, a security interest in a cooperative interest shall attach, be perfected, and be enforceable as provided in Title 9 of the Commercial Law Article.
(b) The security interest may be perfected by the secured party's taking possession of the membership certificate or by filing a financing statement as provided in Title 9 of the Commercial Law Article.
(c) On request of a secured party, the cooperative housing corporation shall note on its books and records the interest of the secured party in the cooperative interest.

Credits

Acts 1986, c. 833, 834.
MD Code, Corporations and Associations, § 5-6B-17, MD CORP & ASSNS § 5-6B-17
Current through all legislation from the 2017 Regular Session of the General Assembly
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