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Session Laws, 1982
Volume 742, Page 4637   View pdf image
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HARRY HUGHES, Governor

4637

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

(8)  ANY TRANSFER MADE PURSUANT TO THE
LIQUIDATION OF A PARTNERSHIP OR CORPORATION; OR

(9)  ANY TRANSFER INTO A PARTNERSHIP OR
CORPORATION WHOLLY OWNED BY THE PERSON(S) SO CONTRIBUTING.

(D)(E) ANY COUNTY, INCORPORATED MUNICIPALITY OR
HOUSING AGENCY, BY EXECUTION AND DELIVERY BY THE APPROPRIATE
OFFICIAL TO THE GRANTOR OF AN INSTRUMENT IN RECORDABLE FORM,
MAY WAIVE ITS RIGHT TO PURCHASE A PARTICULAR RENTAL FACILITY
UNDER THIS SECTION.

(F) WITHIN 30 DAYS OF THE ENACTMENT OF A LAW OR
ORDINANCE UNDER THIS SECTION, THE COUNTY OR INCORPORATED
MUNICIPALITY SHALL FORWARD A COPY OF THE LAW OR ORDINANCE TO
THE SECRETARY OF STATE.

[11-139.

(a)  In this section, "local government" means a
county, Baltimore City, or any incorporated municipality, or
a housing agency designated by the local government.

(b)  A local government may provide, by local law or
ordinance, a right of first refusal for the local government
to purchase units in a condominium regime where the facility
subjected to the condominium regime was formerly a rental
facility.

(c)  A local law or ordinance adopted under subsection
(b) of this section shall provide that:

(1)  The right of first refusal of the local
government shall be subject to the right of a tenant then in
possession of the unit to exercise the tenant's right of
first refusal as provided for under § 11-136 of this title;

(2)  The units which the local government may
purchase shall include any unit taken under an extended
lease by a designated family under § 11-137 of this title,
and any unit not taken under an extended lease by a
designated family, up to a total of 20 percent of the units
in the condominium. If the local government does not
purchase a unit or units taken under an extended lease, the
number of units within the 20 percent which the local
government may purchase shall be diminished by the number of
extended lease units not purchased by the local government;

(3)  In exercising the right of first refusal as
to a unit which is not taken by the tenant then in
possession, the local government shall enter into a binding

 

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Session Laws, 1982
Volume 742, Page 4637   View pdf image
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