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Session Laws, 1999
Volume 796, Page 3783   View pdf image
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DEPOSIT WITH THE DISTRICT COURT THE AMOUNT OF MONEY ESTIMATED BY A
LICENSED APPRAISER TO BE THE FULL FAIR MARKET VALUE OF THE ABANDONED
PROPERTY.

(D) (1) SERVICE OF PROCESS ON AN OWNER OF ABANDONED PROPERTY
UNDER THIS SECTION SHALL BE MADE IN ACCORDANCE WITH THE PROVISIONS OF §
16-16A OF THE CODE OF PUBLIC LOCAL LAWS OF BALTIMORE CITY.

(2) IF AN OWNER HAS PROPERLY REGISTERED A CURRENT LOCAL
AGENT AND LOCAL ADDRESS FOR SERVICE OF PROCESS UNDER THE
REQUIREMENTS OF THE BALTIMORE CITY CODE RELATING TO RENTAL PROPERTY
REGISTRATION, AND SERVICE IS EFFECTED BY MAIL AND POSTING AT A LAST
KNOWN ADDRESS OTHER THAN THAT PROVIDED IN THE OWNERS RENTAL
PROPERTY REGISTRATION FORM, THEN NOTICE OF THE PROCEEDING SHALL BE
SENT BY CERTIFIED MAIL TO THE OWNER AT THE RENTAL PROPERTY REGISTRATION
ADDRESS.

(E) (1) A JUDGMENT CREDITOR IS NOT A REQUIRED PARTY TO A
PROCEEDING INITIATED UNDER THIS SECTION.

(2) A JUDGMENT CREDITOR MAY JOIN A PROCEEDING INITIATED
UNDER THIS SECTION BY FILING A MOTION UNDER SUBSECTION (G) (F) OF THIS
SECTION WITHIN 10 DAYS OF NOTICE BEING GIVEN AS REQUIRED UNDER THIS
SECTION BY LAW.

IF THE FAIR MARKET VALUE OF AN ABANDONED PROPERTY SUBJECT TO A
PROCEEDING INITIATED UNDER THIS SECTION IS LESS THAN THE
SUM OF THE
PUBLIC CHARGES, CITY AND STATE TAXES, OTHER ASSESSMENTS, AND ANY LIENS OF
SECURED CREDITORS REGARDING THE ABANDONED PROPERTY, NOTICE BY POSTING
AND PUBLICATION OF THE STREET ADDRESS AND BLOCK AND LOT DESIGNATIONS
OF THE ABANDONED PROPERTY IS SUFFICIENT NOTICE TO JUDGMENT CREDITORS.

(F) (1) ON MOTION OF ANY PERSON WITH AN INTEREST IN
ABANDONED PROPERTY THAT IS THE SUBJECT OF A PROCEEDING INITIATED UNDER
THIS SECTION, THE ISSUE OF COMPENSATION RELATED TO THE PROCEEDING MAY
BE REMOVED TO THE CIRCUIT COURT OF BALTIMORE CITY FOR TRIAL ON THAT
ISSUE.

(2) THE MOTION FOR REMOVAL TO THE CIRCUIT COURT OF BALTIMORE
CITY FOR TRIAL ON THE ISSUE OF COMPENSATION SHALL BE FILED WITHIN 30 DAYS
OF THE DATE THE TITLE TO THE ABANDONED PROPERTY VESTS WITH THE CITY
UNDER § 21-16(C) OF THIS SUBHEADING.

(G) IF THE PARTIES AGREE. TRIAL ON THE ISSUE OF COMPENSATION MAY BE
HELD IN THE DISTRICT COURT.

(H) IF THE VALUE OF THE ABANDONED PROPERTY, AS ESTIMATED BY A
LICEN
SED REAL ESTATE APPRAISER OR BY THE CIRCUIT COURT IF THE ISSUE OF
COMPENSATION IS REMOVED TO THE CIRCUIT COURT,
IS DETERMINED TO BE LESS
THAN THE SUM OF THE PUBLIC CHARGES, CITY AND STATE TAXES, AND OTHER

 

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Session Laws, 1999
Volume 796, Page 3783   View pdf image
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