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Session Laws, 1999
Volume 796, Page 4216   View pdf image
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CHARGES, CITY AND STATE TAXES, OTHER ASSESSMENTS, AND ANY LIENS OF
SECURED CREDITORS REGARDING THE ABANDONED PROPERTY,
THE CITY SHALL
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 OWNER'S 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 (C) (F) OF THIS SECTION
WITHIN 10 DAYS OF NOTICE BEING GIVEN AS REQUIRED UNDER THIS SECTION BY
LAW.

(F) 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.

(G) (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
LICENSED REAL ESTATE APPRAI
SER 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 4216   View pdf image
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