2072

LAWS OF MARYLAND

Ch. 697

CHAPTER 697

(House Bill 1415)

AN ACT concerning

Deeds - Straw Deed Situation

FOR the purpose of including a straw deed situation, after
abolition of straw deeds, in certain exceptions to the
transfer tax; and correcting language.

BY repealing and reenacting, with amendments,

Article - Real Property

Section 3-104(c)

Annotated Code of Maryland

(1974 Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Real Property

3-104.

(c) (1) Exception for grants by mortgagees,
trustees in bankruptcy, receivers- The requirements for
prepayment of personal property taxes in subsection (b) do
not apply to grants of land made by or on behalf of any of
the following: any mortgagee, lien creditor, trustee of a
deed of trust, judgment creditor, trustee in bankruptcy or
receiver, and any other court-appointed officer in an
insolvency or liquidation proceeding.

(2) Exception for straw deeds in certain counties. The
provisions of subsection (b) do not apply in Charles,
Dorchester, Kent, Prince George's, Worcester, Carroll,
Montgomery, and Frederick counties to any deed executed as a
mere conduit or for convenience in holding and passing
title, known popularly as a straw deed OR, AS PROVIDED IN
§4-108, A DEED MAKING A DIRECT GRANT IN LIEU OF A STRAW
DEED, or to a deed which is a supplementary instrument
merely confirming, correcting, or modifying a previously
recorded deed, if there is no actual consideration paid or
to be paid for the execution of the supplementary
instrument.

{3) Exception for certain deeds in Anne Arundel County.
[The provisions of subsection (3) do] SUBSECTION (B) DOES
not apply in Anne Arundel County to any deed transferring
property to the county whereon the controller of the county
has certified that the conveyance does not impair the
security for any public taxes, assessments, and charges due
on the remaining property of the grantor.