HARRY HUGHES, Governor

1977

(D) THE DEPARTMENT OF MOTOR VEHICLES MOTOR VEHICLE

ADMINISTRATION SHALL ISSUE A TITLE, FREE AND CLEAR OF ANY
LIEN, TO THE PURCHASER OF ANY MOTOR VEHICLE SOLD UNDER THIS
SECTION.

[(c)] (E)(1) The proceeds of the sale shall be

applied, in the following order, to:

(I)        STORAGE FEES OF THE THIRD PARTY

HOLDER;

[(i)] (II) The expenses of giving notice
and holding the sale, including reasonable attorney's fee;
and [and]

AND

(III) A PURCHASE MONEY SECURITY INTEREST;

(IV) ANY REMAINING SECURED PARTIES OF
RECORD WHO SHALL DIVIDE THE REMAINING BALANCE EQUALLY IF
THERE ARE INSUFFICIENT FUNDS TO COMPLETELY SATISFY THEIR
RESPECTIVE INTERESTS, BUT NOT TO EXCEED THE AMOUNT OF A
SECURITY INTEREST; AND

[(ii)] (III) (V) The amount of the lien
claim.

(2) After application of the proceeds in

accordance with paragraph (1) of this subsection, any

remaining balance shall be paid to the owner of the
property,

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 29, 1979.

CHAPTER 706

(Senate Bill 1066)

AN ACT concerning

Baltimore County — Redevelopment and Revitalization

FOR the purpose of permitting Baltimore County to designate
certain areas in that County as districts for
development, redevelopment, renovation, rehabilitation,
or revitalization, after designation on an adopted and
approved master plan for industrial, commercial, or
office use and revitalization; permitting for certain
purposes the acquisition and disposition of land or