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Session Laws, 1994
Volume 773, Page 2457   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                            Ch. 516

(2) THE AMOUNT TO BE DISBURSED TO SATISFY EACH BROKER'S LIEN
ESTABLISHED UNDER THIS SUBTITLE SHALL BEAR THE SAME PROPORTION TO THAT
FUND AS THE AMOUNT OF EACH BROKER'S LIEN BEARS TO THE TOTAL AMOUNT
SECURED BY ALL BROKER'S LIENS, WITHOUT REGARD TO PRIORITY AMONG THE
BROKER'S LIENS.

14-308.

(A)     A BROKER'S LIEN ESTABLISHED UNDER THIS SUBTITLE MAY BE
ENFORCED TO THE SAME EXTENT AS A JUDGMENT UNDER THE MARYLAND RULES,
INCLUDING A JUDICIAL SALE OF THE LIEN PROPERTY TO SATISFY THE AMOUNT OF
THE BROKER'S LIEN.

(B)      (1) THE RIGHT TO ENFORCE ANY BROKER'S LIEN UNDER THIS
SUBTITLE EXPIRES AT THE END OF 1 YEAR FROM THE DAY ON WHICH THE PETITION
TO ESTABLISH THE BROKER'S LIEN WAS FIRST FILED.

(2)      DURING THE 1-YEAR PERIOD THE CLAIMANT MAY FILE A PETITION
IN THE BROKER'S LIEN PROCEEDINGS TO ENFORCE THE LIEN OR TO EXECUTE ON
ANY BOND GIVEN TO OBTAIN A RELEASE OF THE LIEN PROPERTY FROM THE
BROKER'S LIEN.

(3)      IF A PETITION TO ENFORCE THE LIEN IS FILED WITHIN THE 1-YEAR
PERIOD, THE RIGHT TO A BROKER'S LIEN OR THE BROKER'S LIEN, OR ANY BOND
GIVEN TO OBTAIN A RELEASE OF THE BROKER'S LIEN, SHALL REMAIN IN FULL
FORCE AND EFFECT UNTIL THE CONCLUSION OF THE ENFORCEMENT PROCEEDINGS
AND AFTER THE CONCLUSION OF THE ENFORCEMENT PROCEEDINGS IN
ACCORDANCE WITH THE DECREE ENTERED IN THE CASE.

14-309.

NOTHING IN THIS SUBTITLE AFFECTS THE RIGHT OF ANY BROKER, TO WHOM A
COMMERCIAL LEASING COMMISSION IS DUE AND PAYABLE UNDER A COMMERCIAL
LEASING BROKERAGE AGREEMENT, TO MAINTAIN ANY PERSONAL ACTION AGAINST
THE OWNER OF COMMERCIAL PROPERTY OR ANY OTHER PERSON FOR THE
COMMISSION DUE AND PAYABLE.

14-310.

(A)     THIS LAW IS REMEDIAL AND SHALL BE SO CONSTRUED TO GIVE EFFECT
TO ITS PURPOSE.

(B)      (1) ANY AMENDMENT SHALL BE MADE IN THE PROCEEDINGS,
COMMENCING WITH THE CLAIM OR BROKER'S LIEN TO BE FILED AND EXTENDING
TO ALL SUBSEQUENT PROCEEDINGS, AS MAY BE NECESSARY OR PROPER.

(2) THE AMOUNT OF THE CLAIM OR BROKER'S LIEN FILED MAY NOT BE
ENLARGED BY AMENDMENT.

- 2457 -

 

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Session Laws, 1994
Volume 773, Page 2457   View pdf image
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