BALTIMORE CITY shall be subordinate to the interest of the holder of any perfected
security interest in such vehicle, vessel, or aircraft. The SECRETARY OF THE
DEPARTMENT OF STATE POLICE, county commissioners or the Mayor and City
Council of Baltimore City at their discretion, and after discharging any perfected
security interest in such vehicle, vessel, or aircraft, may use the same for public
purposes or may exchange, sell or convey it to another person or persons; and any
cash or moneys received therefor shall be added to the general funds of the [county or
Baltimore City] STATE, COUNTY, OR BALTIMORE CITY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999.

Approved April 13, 1999.

CHAPTER 66
(House Bill 106)

AN ACT concerning

Maryland Condominium Act - Disclosure Requirements - Public Offering

Statement

FOR the purpose of requiring the vendor of a condominium to provide the purchaser
with a current public offering statement; requiring the public offering statement
to include certain information about the collection of assessments; requiring a
plain language summary of certain information required in the public offering
statement; providing that a public offering statement is current only if certain
information is updated and filed at least annually; and generally relating to
certain disclosure requirements under the Maryland Condominium Act.

BY repealing and reenacting, with amendments,
Article - Real Property
Section 11-126(a) and (b) and 11-127(d)
Annotated Code of Maryland

(1996 Replacement Volume and 1998 Supplement)

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

Article - Real Property

11-126.

(a) A contract for the initial sale of a unit to a member of the public is not
enforceable by the vendor unless:

(1) The purchaser is given on or before the time a contract is entered into
between the vendor and the purchaser, a CURRENT public offering statement as