Md. Code, Economic Development § 10-127
Md. Code, Economic Development § 10-127
in effect(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec§ion=10-127&enactments=falseFetched: 10/16/2026