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Session Laws, 1975
Volume 716, Page 692   View pdf image
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692                                        LAWS OF MARYLAND                         [Ch. 49

partnership or any other group of individuals however
organized. ]

(B)       "PERSON" INCLUDES AS INDIVIDUAL, CORPORATION,

BUSINESS TRUST, ESTATE, TRUST, PARTNERSHIP OR

ASSOCIATION, TWO OR MORE PERSONS HAVING A JOINT OR COMMON
INTEREST, OR ANY OTHER LEGAL OR COMMERCIAL ENTITY.

REVISOR'S NOTE: The definition of "person" is
modified to conform this definition to the
definition of "person" as it appears in Title
12, Subtitle 4 of the Commercial Law Article.

§ 71. Exclusion of savings and loan associations from
Secondary Mortgage Loan Law.

The provisions of [§§ 39-70] THIS SUBTITLE shall not
extend or apply to secondary mortgage loans made by
building, savings and loan associations when the
association making the loan holds the first mortgage or
deed of trust on the property securing the secondary
mortgage loan.

SECTION 10. AND BE IT FURTHER ENACTED, That the
Revisor's Notes contained in this Act shall not become
law or be considered to have been enacted as a part of
this Act.

SECTION 11. AND BE IT FURTHER ENACTED. That nothing
in this Act affects the term of office of an appointed
member of any department, board, commission, committee,
agency or other unit. A person who is a member of such a
unit on the effective date of this Act shall remain a
member for the balance of the term to which he was
appointed, unless he sooner dies, resigns, or is removed
pursuant to the provisions of law.

SECTION 12. AND BE IT FURTHER ENACTED, That the
continuity of every department, board, commission,
committee, agency or other unit affected by this Act is
retained. The personnel, records, files, furniture and
fixtures and other properties and all appropriations,
credits, assets, liabilities, and obligations of each
retained unit are continued as the personnel, records,
files, furniture, fixtures, properties, appropriations,
credits, assets, liabilities, and obligations of the
agency under the lavs enacted by this Act.

SECTION 13. AND BE IT FURTHER ENACTED, That except

 

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Session Laws, 1975
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