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Session Laws, 1987
Volume 769, Page 430   View pdf image
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Ch. 45

LAWS OF MARYLAND

(6)  A vehicle that is jointly owned and transferred
to the name of one of the owners, if the transferee can establish
to the satisfaction of the Administration that the transferor did
not pay any part of the original purchase price of the vehicle or
any applicable taxes or fees for the vehicle;

(7)  A vehicle transferred by a corporation to its
stockholder or stockholders as a liquidating distribution of
tangible personal property where the vehicle or vehicles
transferred are not a principal or substantial asset of the
corporation as determined by the [Comptroller] ADMINISTRATION; or

(8)  A vehicle transferred as a result of a
reorganization within the meaning of Section 368(a) or in
accordance with § 371 or § 374 of the Internal Revenue Code of
1954.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

Approved April 14, 1987.

CHAPTER 45

(Senate Bill 811)

AN ACT concerning

Charles County - Purchase or Lease of Personal Property

FOR the purpose of authorizing the County Commissioners of
Charles County to exercise certain powers relating to the
purchase or lease of personal property; and generally
relating to the purchase and lease of property by the County
Commissioners of Charles County.

BY repealing and reenacting, with amendments,

Article 25 - County Commissioners

Section 9D

Annotated Code of Maryland

(1981 Replacement Volume and 1986 Supplement)

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

Article 25 - County Commissioners
- 430 -

 

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Session Laws, 1987
Volume 769, Page 430   View pdf image
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