§ 1-803. Nature of rights; subordination of interests
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 1-803
§ 1-803. Nature of rights; subordination of interests
(a)(1) Any person, including a person that owns an interest in the real property, the Agency, or a municipality or other unit of local government, may be a holder of an environmental covenant.
(b)(1) The interest of a holder of an environmental covenant is an interest in real property.
(c)(1) An agency is bound by any obligation it assumes in an environmental covenant, but an agency does not assume obligations merely by signing an environmental covenant.
(2) Any person other than an agency that signs an environmental covenant is bound by the obligations the person assumes in the covenant, but signing the covenant does not change obligations, rights, or protections granted or imposed under law other than this subtitle except as provided in the covenant.
(d)(1) The provisions of this subsection apply to interests in real property in existence at the time an environmental covenant is created or amended.
Credits
Added by Acts 2005, c. 229, § 1, eff. Oct. 1, 2005.
MD Code, Environment, § 1-803, MD ENVIR § 1-803
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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