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§ 14-308. Enforcement of broker’s liens

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 14. Miscellaneous Rules (Refs & Annos)
Subtitle 3. Commercial Real Estate Broker's Lien (Refs & Annos)
MD Code, Real Property, § 14-308
§ 14-308. Enforcement of broker’s liens
Currentness
Enforcement to same extent as judgments
(a) A broker's lien established under this subtitle may be enforced to the same extent as a judgment under the Maryland Rules, including a judicial sale of the lien property to satisfy the amount of the broker's lien.
Petitions to enforce broker’s liens
(b)(1) The right to enforce any broker's lien under this subtitle expires at the end of 1 year from the day on which the petition to establish the broker's lien was first filed.
(2) During the 1-year period the claimant may file a petition in the broker's lien proceedings to enforce the lien or to execute on any bond given to obtain a release of the lien property from the broker's lien.
(3) If a petition to enforce the lien is filed within the 1-year period, the right to a broker's lien or the broker's lien, or any bond given to obtain a release of the broker's lien, shall remain in full force and effect until the conclusion of the enforcement proceedings and after the conclusion of the enforcement proceedings in accordance with the decree entered in the case.

Credits

Added by Acts 1994, c. 516, § 1, eff. Oct. 1, 1994.
MD Code, Real Property, § 14-308, MD REAL PROP § 14-308
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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