HARRY HUGHES, Governor

Article - Real Property

Section 14-113

Annotated Code of Maryland

(1981 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

14-113.

Any deed by a Maryland corporation containing a
certification by [a corporate president or vice-president] THE
PERSON EXECUTING THE DEED ON BEHALF OF THE CORPORATION to the
effect that the grant is not part of a transaction in which there
is a sale, lease, exchange, or other transfer of all or
substantially all of the property and assets of the corporation,
shall be considered valid and effective whether or not there has
been compliance with the procedures of Title 3, Subtitle 1 of the
Corporations and Associations Article of the Code despite the
fact the grant is in fact part of such a transaction. Any deed by
a Maryland corporation, executed and recorded before January 1,
1979 is not invalid solely because of noncompliance with those
procedures unless proceedings to . set the deed aside were
commenced on or before July 1, 1979.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 8, 1984.

CHAPTER 236

(House Bill 898)

AN ACT concerning

Real Property Grants - Interpretation

FOR the purpose of clarifying the rules of construction  of

applicable to a grant of land binding on any street    or

highway if the grantor has an interest in the street  or
highway.

BY repealing

Article - Real Property

Section 2-114

Annotated Code of Maryland