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Terms Used In Maryland Code, COMMERCIAL LAW 9-809

  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
A person may file an initial financing statement or a continuation statement under this subtitle if:

(1) The secured party of record authorizes the filing; and

(2) The filing is necessary under this subtitle:

(A) To continue the effectiveness of a financing statement filed before the Act takes effect; or

(B) To perfect or continue the perfection of a security interest.

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