Section 7-205 - Acceptance of guarantee or collateral does not waive lien. - Maryland Statutes

§ 7-205. Acceptance of guarantee or collateral does not waive lien.
 

The acceptance by the vendor of any guarantee, endorsement, collateral, or other security to insure the full payment of any vendor's lien, may not be construed as a waiver of the lien. However, the purchaser shall be credited with the proceeds from the sale of any collateral or other securities. 
 

[An. Code 1957, art. 21, § 7-205; 1974, ch. 12, § 2.]