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2007 Laws of Maryland
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Ch. 606
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ENTERING INTO THE CONTRACT. IF THE BUYER HAS NOT RECEIVED ALL
CONSERVATION EASEMENTS AT LEAST 5 CALENDAR DAYS BEFORE ENTERING
INTO THE CONTRACT, THE BUYER HAS 5 CALENDAR DAYS TO CANCEL THE
CONTRACT AFTER RECEIVING ALL OF THE CONSERVATION EASEMENTS. THE
BUYER MUST CANCEL THE CONTRACT IN WRITING. THE BUYER IS NOT
REQUIRED TO STATE A REASON FOR CANCELLATION. THE BUYER PURCHASER
SHOULD REVIEW ALL CONSERVATION EASEMENTS CAREFULLY TO ASCERTAIN
THE BUYER'S PURCHASER'S RIGHTS, RESPONSIBILITIES, AND OBLIGATIONS
UNDER EACH CONSERVATION EASEMENT, INCLUDING ANY REQUIREMENT THAT
AFTER THE TRANSFER SALE THE BUYER PURCHASER MUST INFORM THE OWNER
OF THE CONSERVATION EASEMENT OF THE TRANSFER SALE OF THE
PROPERTY.".
(C) (D) (1) WITHIN 30 CALENDAR DAYS AFTER A TRANSFER SALE OF
PROPERTY ENCUMBERED BY A CONSERVATION EASEMENT, THE PURCHASER
SHALL NOTIFY THE OWNER OF A CONSERVATION EASEMENT OF THE TRANSFER
SALE.
(2) THE NOTIFICATION SHALL INCLUDE, TO THE EXTENT
REASONABLY AVAILABLE:
(I) THE NAME AND ADDRESS OF THE PURCHASER;
(II) THE NAME AND FORWARDING ADDRESS OF THE SELLER;
AND
(III) THE DATE OF THE TRANSFER SALE.
(D) (E) IN SATISFYING THE REQUIREMENTS OF SUBSECTIONS (B) AND (C)
(C) AND (D) OF THIS SECTION, THE SELLER AND PURCHASER SHALL BE
ENTITLED TO RELY ON THE CONSERVATION EASEMENT RECORDED IN THE
LAND RECORDS OF THE COUNTY WHERE THE PROPERTY IS LOCATED.
(E) THE PROVISIONS OF SUBSECTIONS (B) AND (C) OF THIS SECTION DO
NOT APPLY TO THE SALE OF PROPERTY IN AN ACTION TO FORECLOSE A
MORTGAGE OR DEED OF TRUST.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2007.
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Approved by the Governor, May 17, 2007.
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- 3876 -
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