§ 13-533. Law governing sale of collateral.

Latest version.

(a) In general. -- 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) Lienholder not required to take possession of property prior to sale. -- A lienholder may not be required to take possession of the property before the sale of the property.

HISTORY: 2013, ch. 636.

                    
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