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Maryland · Through 2026-01-01

Md. Code, Commercial Law § 9–325

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Where this section sits in the code
  1. Article - Commercial Law

(a) Except as otherwise provided in subsection (b), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:

(1) The debtor acquired the collateral subject to the security interest created by the other person;

(2) The security interest created by the other person was perfected when the debtor acquired the collateral; and

(3) There is no period thereafter when the security interest is unperfected.

(b) Subsection (a) subordinates a security interest only if the security interest:

(1) Otherwise would have priority solely under § 9-322(a) or § 9-324; or

(2) Arose solely under § 2-711(3) or § 2A-508(5) of this article.

Collected 2026-09-14T19:56:33Z. Source file · JSON

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