The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 1035 - Uniform Commercial Code - Secured Transactions - Revisions.

This bill makes various technical amendments to the revision of Article 9 and Article 2 of the Maryland Uniform Commercial Code (Md. UCC) and repeals an obsolete provision relating to recordation tax on Article 9 filings. The bill also amends sections of the Natural Resources and Transportation Articles regarding perfection of a lien on vessels and vehicles, respectively, to comply with the Article 9 revision.

Senate Bill 610, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 1035.

Parris N. Glendening