2822

LAWS OF MARYLAND

Ch. 755

THROUGH OWNERSHIP OF ANY OTHER INTEREST, WITH ANY REAL
ESTATE BROKER OR FIRM DOING BUSINESS IN THIS STATE. A
discharge in bankruptcy shall not relieve a person from the
penalties and disabilities provided in this subsection.

(6) If, at any time, the money deposited in the
guaranty fund is insufficient to satisfy any duly authorized
claim or portion thereof, the Commission, when sufficient
money has been deposited in the guaranty fund, shall satisfy
such unpaid claims or portions thereof, in the order that
such claims or portions thereof were originally filed, plus
accumulated interest at the rate of 10 percent a year.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 756

(House Bill 515)

AN ACT concerning

Mechanics' Liens - Prior Waiver Prohibited

FOR the purpose of prohibiting certain unperformed contracts
relating to certain construction, alteration, or
repairs from providing that a party waives the right to
claim a mechanics' lien or the right to sue on a
contractor's bond; and providing that violations of
this Act void any waiver provision in the contract.

BY adding to

Article - Real Property

Section 9-113

Annotated Code of Maryland

(1974 Volume and 1980 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be repealed, amended, or enacted to read as follows: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

9-113.

(A) AN EXECUTORY CONTRACT BETWEEN A CONTRACTOR AND ANY
SUBCONTRACTOR THAT IS RELATED TO CONSTRUCTION, ALTERATION,
OR REPAIR OF A BUILDING, STRUCTURE, OR IMPROVEMENT MAY NOT
WAIVE OR REQUIRE THE WAIVER OF SUBCONTRACTOR TO WAIVE THE
RIGHT TO: