Ch. 588                                     1993 LAWS OF MARYLAND

(III) IF A MORTGAGEE HOLDER OF THE MORTGAGE OR DEED OF
TRUST THAT "RECEIVES THE PROPOSED AMENDMENT FAILS TO OBJECT, IN WRITING,
TO THE PROPOSED AMENDMENT WITHIN 15 60 DAYS FROM THE DATE OF ACTUAL
RECEIPT OF THE PROPOSED AMENDMENT, THE MORTGAGEE HOLDER SHALL BE
DEEMED TO HAVE CONSENTED TO THE ADOPTION OF THE AMENDMENT.

(3) PARAGRAPH (2) OF THIS SUBSECTION DOES NOT APPLY, TO
AMENDMENTS THAT:

(I) ALTER THE PRIORITY OF THE LIEN OF THE MORTGAGE OR
DEED OF TRUST;

(II)     MATERIALLY IMPAIR OR AFFECT THE UNIT AS COLLATERAL;
OR                                                                                                                            

(III)   MATERIALLY IMPAIR OR AFFECT THE RIGHT OF THE HOLDER
OF THE MORTGAGE OR DEED OF TRUST TO EXERCISE ANY RIGHTS UNDER THE
MORTGAGE, DEED OF TRUST, OR APPLICABLE LAW.

(3) (4) Each particular set forth in subsection (b) of this section shall be
expressed in the bylaws as amended. An amendment shall be entitled to be recorded if
accompanied by a certificate of the person specified in the bylaws to count votes at the
meeting of the council of unit owners that the amendment was approved by unit owners
having the required percentage of the votes and shall be effective on recordation. This
certificate shall be conclusive evidence of approval.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1993.

Approved May 27, 1993.

CHAPTER 588
(House Bill 1151)

AN ACT concerning

Vehicle Laws - School Vehicles - Operation of Flashing Signals

FOR the purpose of requiring a school vehicle driver to put in operation alternately
flashing warning signals when stopping within 100 foot of, rather than only when
stopping behind, in front of, under certain circumstances, another school vehicle in
the act of loading or unloading passengers; and making a clarifying change.

BY repealing and reenacting, with amendments,
Article - Transportation
Section 22-228(b) and (e)
Annotated Code of Maryland
(1992 Replacement Volume)                                       

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