MARVIN MANDEL, Governor

1617

Department, as well as the apparent original
legislative intent; i.e., that the former be
named only if the corporation has no principal
office in this state.

The word "successor" is substituted for "the
new or the surviving corporation or...the
transferee" and like references; and the term
"interest in land" is substituted for
"property the title to which could be affected
by the recording of an instrument in the land
records." This is consistent with the
definitions of "successor" and "interest in
land" in §§1-101 and 3-101 of this article,
respectively.

The only other changes are in style.

3-112. PROPERTY CERTIFICATE FOR ASSESSMENT RECORDS.

(A)   DEPARTMENT MAY REQUIRE CERTIFICATE.

IN ORDER TO KEEP THE LAND ASSESSMENT RECORDS
CURRENT IN EACH COUNTY, THE DEPARTMENT MAY REQUIRE A
CORPORATION TO SUBMIT WITH THE ARTICLES A PROPERTY
CERTIFICATE FOR EACH COUNTY WHERE A MERGING CORPORATION
OTHER THAN THE SUCCESSOR, A CONSOLIDATING CORPORATION, OR
A TRANSFEROR CORPORATION OWNS AN INTEREST IN LAND.

(B)   WHEN CERTIFICATE NOT REQUIRED.

A PROPERTY CERTIFICATE IS NOT REQUIRED WITH RESPECT
TO ANY PROPERTY IN WHICH THE ONLY INTEREST OWNED BY THE
CONSOLIDATING, MERGING, OR TRANSFEROR CORPORATION IS A
SECURITY INTEREST.

(C)   FORM AND NUMBER.

THE PROPERTY CERTIFICATE SHALL BE IN THE FORM AND
NUMBER OF COPIES WHICH THE DEPARTMENT REQUIRES AND MAY
INCLUDE THE CERTIFICATE OF THE DEPARTMENT REQUIRED BY
§3-111 OF THIS SUBTITLE.

(D)   CONTENTS.

(1) THE PROPERTY CERTIFICATE SHALL PROVIDE
A DEED REFERENCE OR OTHER DESCRIPTION SUFFICIENT TO
IDENTIFY THE PROPERTY.

(2)     THE DEPARTMENT SHALL INDICATE ON THE
CERTIFICATE THE TIME THE ARTICLES ARE ACCEPTED FOR
RECORD AND SEND A COPY OF IT TO THE CHIEF ASSESSOR OF THE
COUNTY WHERE THE PROPERTY IS LOCATED.