Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 11-157: “Security interest”: (1) Means an interest in a vehicle that is reserved or created by agreement and that secures paymen
Civil
What this law says, in plain English
A security interest is a legal claim on a vehicle created by agreement to secure payment of an obligation, including a lessor's interest in a lease used as security.
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.