ROBERT L. EHRLICH, JR., Governor                            S.B. 655

Department to the payment of a certain redemption amount and back rent;
requiring the Department to credit certain fees and funds collected under this
Act to a certain fund; requiring the Department to maintain a list of properties
for which the reversion has been redeemed; requiring the Department to adopt
certain regulations; requiring that certain redemptions not collected by the
landlord escheat to the State; requiring the Department to annually transfer
certain uncollected funds to the State General Fund; establishing certain fees;
requiring a certain continuing, nonlapsing fund to be used for a certain purpose;
altering notice requirements to redeem a reversion; providing for a delayed
effective date; and generally relating to the redemption of reversions reserved in
certain leases.

BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 1-203(8) and 1-203.3
Annotated Code of Maryland
(1999 Replacement Volume and 2002 Supplement)

BY repealing and reenacting, with amendments,
Article - Real Property
Section 3-102(a) and 8-110
Annotated Code of Maryland
(1996 Replacement Volume and 2002 Supplement)

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

Article - Corporations and Associations

1-203.

In addition to any organization and capitalization fee required under § 1-204 of
this article, the Department shall collect the following fees:

(8) For processing each of the following documents on an expedited basis,
the additional fee is as indicated:

Recording any document, including financing statements ......................................$50

Certificate of status of a corporation, partnership, limited partnership, limited
liability partnership, or limited liability company, or a name reservation ...............$9

A copy of any document recorded or filed with the Department, or a corporate
abstract .........................................................................................................................$20

ISSUANCE OF APPLICATION FOR A GROUND RENT REDEMPTION CERTIFICATE OR
PAYMENT OF A REDEMPTION AMOUNT TO THE FORMER OWNER OF THE GROUND
RENT ................................................................................................................................................$50

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