Section 2A-101 – Short Title

    This title shall be known and may be cited as the Maryland Uniform Commercial Code – Leases.

Section 2A-102 – Scope

    This title applies to any transaction, regardless of form, that creates a lease.

Section 2A-103 – Definitions and Index of Definitions

    (1)    In this title unless the context otherwise requires:         (a)    “Buyer in ordinary course of business” means a person who in good faith and without knowledge that the sale to him is in violation of the ownership rights or security interest or leasehold interest of a third party in the goods buys in ordinary course from a […]

Section 2A-104 – Leases Subject to Other Laws

    (1)    Except as provided in subsection (4) of this section, a lease, although subject to this title, is also subject to any applicable:         (a)    Statute of the United States;         (b)    Certificate of title statute of this State;         (c)    Certificate of title statute of another jurisdiction (§ 2A-105); or         (d)    Consumer protection statute of this State.     (2)    In case of conflict between […]

Section 2A-105 – Territorial Application of Article to Goods Covered by Certificate of Title

    Subject to the provisions of §§ 2A-304(3) and 2A-305(3), with respect to goods covered by a certificate of title issued under a statute of this State or of another jurisdiction, compliance and the effect of compliance or noncompliance with a certificate of title statute are governed by the law (including the conflict of laws rules) […]

Section 2A-106 – Limitation on Power of Parties to Consumer Lease to Choose Applicable Law and Judicial Forum

    (1)    If the law chosen by the parties to a consumer lease is that of a jurisdiction other than a jurisdiction: (a) in which the lessee resides at the time the lease agreement becomes enforceable or within 30 days thereafter; (b) in which the goods are to be used; or (c) if the goods are to […]

Section 2A-107 – Waiver or Renunciation of Claim or Right After Default

    Any claim or right arising out of an alleged default or breach of warranty may be discharged in whole or in part without consideration by a written waiver or renunciation signed and delivered by the aggrieved party.

Section 2A-108 – Unconscionability

    (1)    If the court as a matter of law finds a lease contract or any clause of a lease contract to have been unconscionable at the time it was made, the court may refuse to enforce the lease contract, or it may enforce the remainder of the lease contract without the unconscionable clause, or it may […]

Section 2A-109 – Option to Accelerate at Will

    (1)    A term providing that one party or his (or her) successor in interest may accelerate payment or performance or require collateral or additional collateral “at will” or “when he (or she) deems himself (or herself) insecure” or in words of similar import must be construed to mean that he (or she) has power to do […]