Skip to main content
Find a Lawyer

Maryland Code, Economic Development § 10-225

Current as of December 31, 2021 | Updated by FindLaw Staff

(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.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-225 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-225/

Read this complete Maryland Code, Economic Development § 10-225 on Westlaw. Westlaw subscription required.

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Maryland Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard