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S.B. 622
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2007 Vetoed Bills and Messages
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SECTION 2. 5. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2007.
May 17, 2007
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, today I have
vetoed Senate Bill 623 - Ground Rents - Redemption.
This bill repeals the statutory waiting period for redeeming specified ground rents,
and establishes notice requirements about the right to redeem when a ground lease is
transferred to a third party and at settlement on a loan secured by property subject to
a ground rent.
House Bill 489, which was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 623.
Sincerely,
Martin O'Malley
Governor
Senate Bill 623
AN ACT concerning
Ground Rents - Redemption
FOR the purpose of repealing a certain waiting period for redeeming certain ground
rents; requiring, before a voluntary transfer of a redeemable ground rent to a
third party, that the landlord give the tenant notice of the tenant's right to
redeem the ground rent and offer the tenant the opportunity to exercise the
right; requiring the notice to contain certain information and to be given in a
certain manner; establishing procedures for the tenant to exercise the right to
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- 4364 -
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