§ 8-728. Security interest in vessels -- Exemptions from Sections 8-729 to 8-736 of this subtitle

MD Nat Res Code § 8-728 (2019) (N/A)
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Sections 8–729 through 8–736 of this subtitle do not apply to or affect:

(1)    A lien given by statute or rule of law to a supplier of services or materials for the vessel;

(2)    A lien given by statute to the United States, the State, or any political subdivision of the State;

(3)    A security interest in a vessel during any period in which the vessel is inventory held for sale or lease by a person or leased by that person as lessor and that person is in the business of selling vessels;

(4)    Any lien arising out of an attachment of a vessel;

(5)    Any security interest claimed on proceeds, as defined in § 9–102(a)(65) of the Commercial Law Article, if the original security interest did not have to be noted on the certificate of title in order to be perfected; or

(6)    Any vessel for which a certificate of title is not required under this subtitle.