MD TRANSPORTATION 13-201

Maryland Transportation Code Section 13-201 (2023) - "Perfected" Defined; Application of Subtitle (a) 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) 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 ...