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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In Maryland, personal property is defined as any movable or tangible item that is not considered real property. This includes a wide range of items such as money, goods, furniture, motor vehicles, animals, and intellectual property rights like stocks, bonds, patents, and copyrights. Personal property is subject to personal property tax, which is administered by the Maryland State Department of Assessments and Taxation (SDAT). Businesses must file personal property returns annually with the SDAT. The state also has laws that govern the transfer, acquisition, and protection of personal property, including provisions in the Maryland Uniform Commercial Code. Additionally, personal property can be subject to liens, security interests, and personal property exemptions under Maryland bankruptcy law.

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Personal property

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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Maryland State Code

Maryland State Code

Personal property

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