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§ 13-201. "Perfected" defined; application of subtitle

MD Transp Code § 13-201 (2019) (N/A)
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(a)    In this subtitle, “perfected”, as used in reference to a security interest, means that it is valid against third parties generally, subject only to specific statutory exceptions.

(b)    This subtitle does not apply to or affect:

(1)    Any lien given by statute or rule of law to a supplier of services or materials for a vehicle;

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

(3)    Any security interest in a vehicle during any period in which the vehicle 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 vehicles;

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

(5)    Any security interest claimed on proceeds, as that term is defined in Title 9 of the Commercial Law Article (Maryland Uniform Commercial Code -- Secured Transactions), if the original security interest did not have to be noted on the certificate of title in order to be perfected; or

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

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§ 13-202. Perfection of security interest -- In general