Maryland § 9-703
Full text of Maryland Maryland Code § 9-703, with citation guidance and answers to common questions.
§ 9-703.
(a) A security interest that is enforceable immediately before this title takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this title if, when this title takes effect, the applicable requirements for enforceability and perfection under this title are satisfied without further action.
(b) Except as otherwise provided in § 9-705, if, immediately before this title takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this title are not satisfied when this title takes effect, the security interest:
(1) Is a perfected security interest for one year after this title takes effect;
(2) Remains enforceable thereafter only if the security interest becomes enforceable under § 9-203 before the year expires; and
(3) Remains perfected thereafter only if the applicable requirements for perfection under this title are satisfied before the year expires.
Frequently Asked Questions About Maryland § 9-703
What does Maryland Code § 9-703 cover?
Section 9-703 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 § 9-703?
A common citation format is "Maryland Code § 9-703" (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 § 9-703 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.