Maryland § 10-225
Full text of Maryland Maryland Code § 10-225, with citation guidance and answers to common questions.
§ 10-225.
(a) The Authority may pledge or assign:
(1) any of its revenues;
(2) its rights to receive its revenues;
(3) money or securities in accounts established to secure a bond; or
(4) a lien or security interest granted or assignment made to the Authority.
(b) (1) A pledge or assignment under subsection (a) of this section is valid and binding from the time the pledge or assignment is made.
(2) A lien, security interest, or assignment under subsection (a) of this section:
(i) attaches immediately to the revenues or property pledged and then received by the Authority, without any physical delivery or further act; and
(ii) is valid and binding against any person having a claim against the Authority, regardless of whether the person has notice of the pledge, and without the recording or filing of an instrument.
Frequently Asked Questions About Maryland § 10-225
What does Maryland Code § 10-225 cover?
Section 10-225 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 § 10-225?
A common citation format is "Maryland Code § 10-225" (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 § 10-225 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.