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§ 12-104. Contents of instruments

West's Annotated Code of MarylandTax-Property

West's Annotated Code of Maryland
Tax-Property
Title 12. Recordation Taxes (Refs & Annos)
MD Code, Tax - Property, § 12-104
§ 12-104. Contents of instruments
Currentness
In general
(a) Except as provided in subsection (b) of this section, the consideration payable, including the amount of any mortgage or deed of trust assumed by the grantee, or the principal amount of the secured debt incurred, shall be described in:
(1) the recitals or the acknowledgment of the instrument of writing; or
(2) an affidavit under oath that accompanies the instrument of writing and that is signed by a party to the instrument of writing or by an agent of a party.
Security agreements
(b) Security agreements filed in accordance with § 9-502 of the Maryland Uniform Commercial Code1 are governed by the requirements of that section and not by subsection (a) of this section.

Credits

Added by Acts 1985, c. 8, § 2, eff. Feb. 1, 1986. Amended by Acts 2000, c. 679, § 1, eff. July 1, 2001.
Formerly Art. 81, § 277.

Footnotes

1
Commercial Law, § 1-101 et seq.
MD Code, Tax - Property, § 12-104, MD TAX PROPERTY § 12-104
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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