HARRY HUGHES, Governor

4487

determine that the property that is held by such real estate
investment trust is insufficient to provide adequate
security through the lien provided herein for the payment of
taxes and fees, the real estate investment trust shall file
with the Comptroller a bond, which shall be conditioned upon
payment by the trust of such tax liabilities, and shall be
in such amount and upon such terms as the Comptroller in his
discretion may from time to time require in lieu of such
bond securities approved by the Comptroller or cash in such
amount as he may prescribe may be deposited with the
Comptroller who may at any time, without notice to the
depositor, apply them to any tax and/or interest or
penalties due, and for that purpose the securities may be
sold by the Comptroller at public or private sale without
notice to the depositor.

322.

(3) Notice of such lien may be filed by the
Comptroller with the. clerk of the; circuit court of the
county in which said property is located[, or if located in
Baltimore City, with the clerk of the Superior Court of
Baltimore City]. Each clerk of court shall accurately and
promptly record and index all such notices of liens filed
with him by the Comptroller and shall enter such lien in the
judgment docket of the court stating the name of the
delinquent taxpayer, the amount of the lien and the date
thereof. From the time such lien is filed with the clerk of
the court of the jurisdiction in which the property covered
by the lien is located and indexed as herein prescribed,
such lien shall be superior to that of any subsequent
mortgages, pledges, purchaser or judgment creditor and shall
have the full force and effect of lien of judgment. The
lien of any mortgagee, pledgee, purchaser or judgment
creditor which became perfected as against third persons,
prior to the filing of notice of the State's lien with the
clerk, shall be preferred to the lien of the State, provided
that such mortgagee, pledgee, purchaser or judgment creditor
took and perfected his lien without actual notice or
knowledge of the existence of the lien of the State.

342.

(b) The tax, and all increases, interests and
penalties thereon shall be a lien upon all the property,
real and/or personal, of any person liable to pay the same
to the State from and after the time when notice has been
given that such tax has become due and payable as provided
herein. Notice of such lien shall be filed by the
Comptroller with the clerk of the circuit court of the
county in which said property is located], or if located in
Baltimore City, with the clerk of the Superior Court of
Baltimore City]. Each clerk of court shall accurately and
promptly record and index all such notices of lien filed
with him by the Comptroller and shall enter such lien in the