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Maryland Enacts the 2010 Amendments to UCC Article 9

Maryland has enacted the 2010 Amendments to UCC Article 9. The governor signed House Bill 713 on Tuesday, May 22, 2012. The new law provides the Alternative A “Only If” approach for individual debtor name sufficiency in Section 9-503(a)(4), incorporates the statutory safe harbor forms set forth in the official text in Section 9-521 and takes effect on July 1, 2013. 

 CSC will continue to provide updates for any other significant developments with UCC Article 9 legislation.

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