§ 10-127
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/md/economic-development/10-127A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–127.
(a)The Corporation may pledge or assign:
(1)any of its revenues;
(2)any of its rights to receive revenues;
(3)money and securities in accounts established to secure a bond; and
(4)a lien or security interest granted or assignment made to the Corporation.
(b)A pledge or assignment:
(1)is valid and binding against any person having a claim against the Corporation in tort, contract, or otherwise, regardless of whether the person has notice of the pledge or assignment; and
(2)has priority over the claim.
(c)A resolution, trust agreement, assignment, financing agreement or other instrument that creates a lien, security interest, assignment, or pledge under subsection
(a)of this section:
(1)shall be filed in the records of the Corporation; but
(2)need not be filed or recorded elsewhere.