Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 13-201: (a) In this subtitle, “perfected”, as used in reference to a security interest, means that it is valid against third parties generally, subject only to specific statutory exceptions
What this law says, in plain English
A perfected security interest in a vehicle is valid against third parties, subject to statutory exceptions. The statute excludes certain liens and security interests from its requirements, including statutory liens, vehicle inventory, attachment liens, and vehicles not requiring certificates of title.
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