{"data":{"id":"us-md/md.-code-commercial-law-9-618","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–618","heading":"","body":"(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:\n(1) Receives an assignment of a secured obligation from the secured party;\n(2) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) Is subrogated to the rights of a secured party with respect to collateral.\n(b) An assignment, transfer, or subrogation described in subsection (a):\n(1) Is not a disposition of collateral under § 9-610; and\n(2) Relieves the secured party of further duties under this title.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-618","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"d16bb9babb0a99c1cee2830dc644924b8e49d069c86bd928a2319b720b2be3b3","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-617","next":"us-md/md.-code-commercial-law-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}