Maryland Code, CRIMINAL PROCEDURE 13-533
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Terms Used In Maryland Code, CRIMINAL PROCEDURE 13-533
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) Except as provided in subsection (b) of this section, the law governing the sale of collateral securing an obligation in default governs a lienholder’s repossession and sale of property that has been seized under this subtitle.
(b) A lienholder may not be required to take possession of the property before the sale of the property.