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Session Laws, 1982
Volume 742, Page 126   View pdf image
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126                                       LAWS OF MARYLAND                                Ch. 17

(1)  Taxes, assessments, and other public charges
levied or assessed against the property and paid by the
vendor;

(2)  Any ground rent paid by the vendor;

(3)  Insurance premiums on the property paid by
the vendor;

(4)  Interest on unpaid balance owed by the
purchaser at a rate not exceeding the percentage per annum
allowed by [§ 12-103 (a)] § 12-404(B) of the Commercial Law
Article of the Code;

(5)  Principal balance owed by purchaser.

11-138.

(e) A right of first refusal provided for under this
section shall not apply to any of the following transfers of
rental facilities:

[(i)] (1) Any transfer made pursuant to the
terms of a bona fide mortgage or deed of trust agreement;

[(ii)] (2) Any transfer to a mortgagee in lieu
of foreclosure or any transfer pursuant to any other
proceedings, arrangement or deed in lieu of foreclosure;

[(iii)] (3) Any transfer made pursuant to a
judicial sale or other judicial proceeding brought to secure
payment of a debt or for the purpose of securing the
performance of an obligation;

[(iv)] (4) Any transfer of the interest of one
co-tenant to another co-tenant by operation of law or
otherwise;

[(v)] (5) Any transfer made by will or descent
or by intestate distribution;

[(vi)] (6) Any transfer made to any municipal,
county or State government or to any agencies,
instrumentalities or political subdivisions thereof;

[(vii)] (7) Any transfer to a spouse, son or
daughter; or

[(viii)] (8) Any transfer between partners in a
partnership.

Article - Transportation

3-401.

 

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Session Laws, 1982
Volume 742, Page 126   View pdf image
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