Maryland § 1-1426
Full text of Maryland Maryland Code § 1-1426, with citation guidance and answers to common questions.
§ 1-1426.
(a) (1) Any pledge of revenues and other money under § 1–1420(i) of this subtitle is valid and binding from the time the pledge is made.
(2) (i) The revenue or money that an authority pledges and receives is subject immediately to the lien of the pledge.
(ii) Neither physical delivery of the revenue or money nor any other act is required to validate the lien.
(3) The lien of the pledge is valid and binding against each party with a claim against the authority in tort, contract, or otherwise, regardless of whether the party has notice of the lien.
(b) The trust agreement and any other agreement or lease creating a pledge under this section need not be filed or recorded, except in the records of the authority.
Frequently Asked Questions About Maryland § 1-1426
What does Maryland Code § 1-1426 cover?
Section 1-1426 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 1-1426?
A common citation format is "Maryland Code § 1-1426" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 1-1426 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.