Section 13-201 - Definitions; application of subtitle. - Maryland Statutes

§ 13-201. Definitions; application of subtitle.
 

(a)  "Perfected" defined.- 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)  Application of subtitle.- 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. 
 

[An. Code 1957, art. 661/2, §§ 1-183, 3-201; 1977, ch. 14, § 2; 2001, ch. 408, § 3.]