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§ 10-402. Recorded instruments or modifications considered notice

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 10. Sales of Property (Refs & Annos)
Subtitle 4. Recorded Land Contracts (Refs & Annos)
MD Code, Real Property, § 10-402
§ 10-402. Recorded instruments or modifications considered notice
Currentness
A recorded instrument, recorded modification, or any amendment of a recorded instrument or recorded modification creating an option to purchase property, or any memorandum of option recorded under § 3-101(f) of this article ceases to be actual or constructive notice to any person or to put any person on inquiry as to existence or exercise of the option, if:
(1) The instrument according to its terms has expired;
(2) One year has elapsed since the time of expiration; and
(3) No grant or other instrument has been recorded showing that the option has been exercised.

Credits

Added by Acts 1974, c. 12, § 2, eff. July 1, 1974. Amended by Acts 1999, c. 689, § 1, eff. Oct. 1, 1999.
Formerly Art. 21, § 10-402.
MD Code, Real Property, § 10-402, MD REAL PROP § 10-402
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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