540                                               LAWS OF MARYLAND                                     Ch. 8

EXPENSES INCURRED IN MAKING THE SALE. THE RESIDUE OF THE
PURCHASE PRICE REMAINS ON CREDIT.

(2)  AFTER THE FINAL DECREE HAS BEEN PASSED
FORECLOSING THE RIGHT OF REDEMPTION IN ANY PROPERTY, THE
COLLECTOR MAY NOT EXECUTE OR DELIVER A DEED TO ANY PURCHASER
OTHER THAN THE GOVERNING BODY OF A COUNTY UNTIL THE BALANCE OF
THE PURCHASE PRICE HAS BEEN PAID IN FULL, TOGETHER WITH ALL TAXES
AND INTEREST AND PENALTIES ON THE TAXES ACCRUING AFTER THE DATE
OF SALE.

(3)  ON RECEIVING THE BALANCE AND AFTER ACCRUED TAXES
AND INTEREST AND PENALTIES ON THE TAXES, THE COLLECTOR SHALL
EXECUTE AND DELIVER A PROPER DEED TO THE PURCHASER.

(4)  ANY BALANCE OVER THE AMOUNT REQUIRED FOR THE
PAYMENT OF TAXES, INTEREST, PENALTIES, AND COSTS OF SALE SHALL BE
PAID BY THE COLLECTOR TO:

(I)  THE PERSON ENTITLED TO THE BALANCE; OR

(II)  WHEN THERE IS A DISPUTE REGARDING PAYMENT
OF THE BALANCE, A COURT OF COMPETENT JURISDICTION PENDING A COURT
ORDER TO DETERMINE THE PROPER DISTRIBUTION OF THE BALANCE.

(B) WASHINGTON COUNTY.

IN WASHINGTON COUNTY, ANY MONEY HELD BY THE COLLECTOR UNDER
SUBSECTION (A) MAY BE DEPOSITED IN AN INTEREST-BEARING ACCOUNT IN
A COMMERCIAL BANK. ANY INTEREST ACCRUED IS PAID TO THE GENERAL
FUND OF WASHINGTON COUNTY.

REVISOR'S NOTE: This section formerly appeared as Art. 81,
§ 81.

In subsection (a)(2) of this section, the reference to
"the governing body of a county" is substituted for
the former reference to the "county commissioners",
for clarity.

The only other changes are in style.

Defined terms: "Collector" § 1-101
"County" § 1-101 "Governing body" § 1-101
"Person" § 1-101 "Property" § 1-101
"Tax" § 14-801

14-819. OWNER UNLOCATED.

(A) HOLDING SUM FOR 3-YEAR PERIOD; EFFORTS TO LOCATE OWNER.

IF THE PERSON ENTITLED TO THE BALANCE OVER AND ABOVE THE
AMOUNT REQUIRED FOR THE PAYMENT OF TAXES, INTEREST, PENALTIES,
AND COSTS OF SALE IS UNKNOWN, OR IF THE PERSON'S IDENTITY IS
KNOWN BUT THE PERSON'S ADDRESS IS UNKNOWN, THE SUM TO WHICH THE