{"data":{"id":"us-md/md.-code-commercial-law-9-622","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–622","heading":"","body":"(a) A secured party’s acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(1) Discharges the obligation to the extent consented to by the debtor;\n(2) Transfers to the secured party all of a debtor’s rights in the collateral;\n(3) Discharges the security interest or agricultural lien that is the subject of the debtor’s consent and any subordinate security interest or other subordinate lien; and\n(4) Terminates any other subordinate interest.\n(b) A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this title.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-622","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"39f3421a093c1e8cc3df3076198c436d606de03338ec4e234d2a2bc12b4321b4","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-621","next":"us-md/md.-code-commercial-law-9-623"},"notice":"GroundRules: Original legal text. Not legal advice."}