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§ 1-809. Amendment or termination by consent

West's Annotated Code of MarylandEnvironment

West's Annotated Code of Maryland
Environment
Title 1. Definitions; General Provisions; Enforcement (Refs & Annos)
Subtitle 8. Maryland Uniform Environmental Covenants Act (Refs & Annos)
MD Code, Environment, § 1-809
§ 1-809. Amendment or termination by consent
Parties required to consent
(a) An environmental covenant may be amended or terminated by consent only if the amendment or termination is signed by:
(1) The Agency;
(2) Unless waived by the Agency, the current owner of the fee simple of the real property subject to the covenant;
(3) Each person that originally signed the covenant, unless:
(i) The person waived in a signed record the right to consent; or
(ii) A court finds that the person no longer exists or cannot be located or identified with the exercise of reasonable diligence; and
(4) Except as otherwise provided in subsection (d)(2) of this section, the holder.
Consent by current owner of interest
(b) If an interest in real property is subject to an environmental covenant, the interest is not affected by an amendment of the covenant unless the current owner of the interest consents to the amendment or has waived in a signed record the right to consent to amendments.
Assignment of covenant to new holder
(c) Except for an assignment undertaken in accordance with a governmental reorganization, assignment of an environmental covenant to a new holder shall be considered to be an amendment of the covenant.
Consent required for assignment; removal and replacement of holder
(d) Except as otherwise provided in an environmental covenant:
(1) A holder may not assign its interest without consent of the other parties; and
(2) A holder may be removed and replaced by agreement of the other parties specified in subsection (a) of this section.
Vacancy in holder
(e) A court of competent jurisdiction may fill a vacancy in the position of holder.

Credits

Added by Acts 2005, c. 229, § 1, eff. Oct. 1, 2005.
MD Code, Environment, § 1-809, MD ENVIR § 1-809
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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