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Session Laws, 2007
Volume 803, Page 4354   View pdf image
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2007 Vetoed Bills and Messages
S.B. 622
Martin O'Malley
Governor Senate Bill 622 AN ACT concerning Ground Rents - Limitation of Actions Registry of Properties Subject to Ground Leases FOR the purpose of authorizing the recordation of a certain ground lease
extinguishment certificate under certain circumstances; providing that a ground
rent is extinguished if there is no demand or payment for more than a certain
number of years of any specific ground rent under certain circumstances;
requiring the State Department of Assessments and Taxation to maintain and
update regularly on-line registries of landlords and an on-line registry of
properties that are subject to ground leases; requiring a landlord ground lease
holder to apply to register a ground lease with the Department by submitting a
certain registration application form and a certain fee; requiring the
Department to register a ground lease under certain circumstances; requiring a
landlord ground lease holder to notify the Department of certain information
after a ground lease is registered; requiring a landlord ground lease holder
apply to register a ground lease by a certain date; providing for the
extinguishment of a ground lease if the ground lease is not registered under
certain circumstances; providing for certain considerations and rights if a
ground lease is extinguished under certain circumstances; requiring the
Department to work with the State Archives for certain purposes regarding
ground leases registered under this Act: requiring the Department to credit all
fees collected under this Act to a certain fund; requiring the Department to
adopt regulations to carry out the provisions of this Act; requiring the
Department to publish a certain notice regarding the registration of ground
leases; requiring the Department to report to the General Assembly on or before
certain dates; requiring the Comptroller of the State to report to the General
Assembly on or before a certain date; defining certain terms; providing for the
application of certain provisions of this Act; and generally relating to a registry
of properties subject to ground rents leases. BY repealing and reenacting, with amendments,
Article - Real Property
Section 3-102(a) and 8-107
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement) BY adding to Article - Real Property
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Session Laws, 2007
Volume 803, Page 4354   View pdf image
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