WILLIAM DONALD SCHAEFER, Governor

Ch. 11

13-404.

(b) (2) Articles of merger or other document which
evidences a merger of foreign corporations are not subject to
county transfer tax if the articles [or] OF merger or other
document which evidences a merger of foreign corporations are for
a transfer of real property from:

(i) a parent corporation to its subsidiary
corporation;

(ii) a subsidiary corporation to its parent
corporation where the parent corporation:

1.  previously owned the real property;

2.  owns the stock of the subsidiary and
has owned that stock for a period greater than 18 months; or

3.  acquires the stock of a subsidiary
corporation which has been in existence and has owned the real
property for a period of 2 years; or

(iii) a corporation merging out of existence to
its successor where recordation tax and, if then required to have
been paid, transfer tax were paid when the corporation merging
out of existence acquired title to the real property.

DRAFTER'S NOTE: This corrects a typographical error in §
13-404(b)(2) of the Tax - Property Article.

The typographical error, the use of the word "or" in
the place of the word "of", occurred in Ch. 686 of the
Acts of 1986.

The typographical error was noted by the Michie
Company and by the Computer Division of the Department
of Legislative Reference.

14-801.

(a) In [§§ 14-801 through 14-853] §§ 14-801 THROUGH 14-854
of this subtitle, the following words have the meanings
indicated.

14-832.

The provisions of [§§ 14-832.1 through 14-853] §§ 14-832.1
THROUGH 14-854 of this subtitle shall be liberally construed as
remedial legislation to encourage the foreclosure of rights of
redemption by suits in the circuit courts and for the decreeing
of marketable titles to property sold by the collector.

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