{"data":{"id":"us-md/md.-code-commercial-law-9-309","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–309","heading":"","body":"The following security interests are perfected when they attach:\n(1) A purchase-money security interest in consumer goods, except as otherwise provided in § 9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 9-311(a);\n(2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;\n(3) A sale of a payment intangible;\n(4) A sale of a promissory note;\n(5) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;\n(6) A security interest arising under § 2-401, § 2-505, § 2-711(3), or § 2A-508(5) of this article, until the debtor obtains possession of the collateral;\n(7) A security interest of a collecting bank arising under § 4-210 of this article;\n(8) A security interest of an issuer or nominated person arising under § 5-118 of this article;\n(9) A security interest arising in the delivery of a financial asset under § 9-206(c);\n(10) A security interest in investment property created by a broker or securities intermediary;\n(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary;\n(12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder;\n(13) A security interest created by an assignment of a beneficial interest in a decedent’s estate; and\n(14) A sale by an individual of an account that is a right to payment of winnings in a lottery or other game of chance.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-309","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"ae270673861f6faa4be10ef97d976c5c63d70ad173ab82a06e3373e63400738a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-308","next":"us-md/md.-code-commercial-law-9-310"},"notice":"GroundRules: Original legal text. Not legal advice."}