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Session Laws, 1965
Volume 676, Page 546   View pdf image (33K)
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546                                LAWS OF MARYLAND                       [CH. 375

claim any interest in or lien upon said property arising after the
time of such recording, to be held, by the then record owner of fee
simple or leasehold title to the property, subject to the rights and
interest of the vendee of said contract as stated in said contract.

(b) The vendor of any land installment contract, or the grantee
or other successor in interest of the original vendor, as the case
may be, shall be required to acknowledge such land installment con-
tract upon its presentation to him by the vendee. If the person, firm
or corporation to whom the said contract is presented for acknowledg-
ment is other than the original vendor, the acknowledgment by such
person, firm or corporation that he or it now holds fee simple or
leasehold title to said property and that to the best of his or its
information a predecessor in title has executed such land installment
contract shall be deemed a sufficient acknowledgment for purposes
of recording. The provisions of this subsection may be enforced in
accordance with the provisions of Section 114A of this subtitle.

(c) Anything hereinbefore to the contrary notwithstanding, this

Section shall not be construed or applied to affect the title, lien or

interest of any person, firm or corporation who acquired such title,

lien or interest in or to property on which there exists a land in-

stallment contract prior to the time of recording, unless such person,
firm or corporation had actual notice of the existence of such contract
or could have learned of the existence of such contract by the exercise

of due care.

CHAPTER 375
(House Bill 171)

AN ACT to add new Section 481A to Article 48A of the Annotated
Code of Maryland (1964 Replacement Volume), title "Insurance
Code," subheading "Casualty Insurance," to follow immediately
after Section 481 thereof, and to require "Uninsured Motor Ve-
hicle" endorsements to cover damage caused by motor vehicles
insured by insolvent liability insurers.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 481A be and it is hereby added to Article 48A of
the Annotated Code of Maryland (1964 Replacement Volume), title
"Insurance Code," subheading "Casualty Insurance," to follow im-
mediately after Section 481 thereof, and to read as follows:

481A.

Any endorsement or provision protecting the insured against dam-
age caused by an uninsured motor vehicle, contained in any policy
of insurance issued
AND DELIVERED in this State, shall be deemed
to cover damage caused by a motor vehicle of which the liability

Sec. 4. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.

 

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Session Laws, 1965
Volume 676, Page 546   View pdf image (33K)
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