Maryland § 10-127

Full text of Maryland Maryland Code § 10-127, with citation guidance and answers to common questions.

§ 10-127.

    (a)    The Corporation may pledge or assign:

        (1)    any of its revenues;

        (2)    any of its rights to receive revenues;

        (3)    money and securities in accounts established to secure a bond; and

        (4)    a lien or security interest granted or assignment made to the Corporation.

    (b)    A pledge or assignment:

        (1)    is valid and binding against any person having a claim against the Corporation in tort, contract, or otherwise, regardless of whether the person has notice of the pledge or assignment; and

        (2)    has priority over the claim.

    (c)    A resolution, trust agreement, assignment, financing agreement or other instrument that creates a lien, security interest, assignment, or pledge under subsection (a) of this section:

        (1)    shall be filed in the records of the Corporation; but

        (2)    need not be filed or recorded elsewhere.

Frequently Asked Questions About Maryland § 10-127

What does Maryland Code § 10-127 cover?

Section 10-127 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 § 10-127?

A common citation format is "Maryland Code § 10-127" (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 § 10-127 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.