MARVIN MANDEL, Governor                                   371

LAND INSTALLMENT CONTRACT, OR ANY LEGAL SUCCESSOR IN
INTEREST TO HIM[[, OTHER THAN A CORPORATION,]] REGARDLESS
OF WHETHER THE PERSON HAS ENTERED INTO AN AGREEMENT AS TO
EXTENSION, DEFAULT, OR REFUND.

(F) "VENDOR" MEANS ANY PERSON WHO HAKES A SALE OF
PROPERTY BY MEANS OF A LAND INSTALLMENT CONTRACT.

REVISOR'S NOTE: This section presently appears as
Art. 21, §10—101 of the Code. The subsections
are renumbered for organizational purposes.
In subsection (c), the second sentence is
proposed for deletion as unnecessary in light
of subsection (b).

In subsection      (&), the present distinction

between fee        simple property or improved

chattels real     is proposed for deletion as

unnecessary in   light of §1—101(k).

In subsection (f), the reference to
"individual, partnership, corporation,
association, etc." is proposed for deletion in
light of the definition of "person" in
§1-101(j).

In subsection (e) , the term defined, "vendee,"
is proposed for deletion and "purchaser" is
substituted therefor in light of the
definition in §1-101(1).

The only other changes are in style.
10-102. FORM AND DELIVERY OF LAND INSTALLMENT CONTRACTS.

(A)   SIGNED WRITING BY ALL PARTIES CONTAINING TERMS
OF AGREEMENT NECESSARY.

EVERY LAND INSTALLMENT CONTRACT SHALL BE EVIDENCED
BY A CONTRACT SIGNED BY ALL PARTIES TO IT AND CONTAINING
ALL THE TERMS TO WHICH THEY HAVE AGREED.

(B)   VENDOR TO GIVE COPY OF INSTRUMENT AND PURCHASER
TO GIVE RECEIPT.

AT OR BEFORE THE TIME THE PURCHASER SIGNS THE
INSTRUMENT, THE VENDOR SHALL DELIVER TO HIM AN EXACT COPY
AND THE PURCHASER SHALL GIVE THE VENDOR A RECEIPT SHOWING
THAT HE HAS RECEIVED THE COPY OF THE INSTRUMENT. IF THE
COPY WAS NOT EXECUTED BY THE VENDOR AT THE TIME THE
PURCHASER SIGNED, THE VENDOR SHALL DELIVER A COPY OF THE
INSTRUMENT SIGNED BY HIM WITHIN 15 DAYS AFTER HE RECEIVES
NOTICE THAT THE PURCHASER HAS SIGNED AND THE PURCHASER
SHALL GIVE THE VENDOR A RECEIPT SHOWING THAT HE HAS