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§ 4-406. Security interest or lien on property

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2019

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 4. Wills (Refs & Annos)
Subtitle 4. Rules Relating to Legacies (Refs & Annos)
Effective: October 1, 2019
MD Code, Estates and Trusts, § 4-406
§ 4-406. Security interest or lien on property
Currentness
(a) Unless a contrary intent is expressly indicated in the will, a legacy of specific property shall pass subject to a security interest, lien, or renewal, extension, or refinancing of a security interest or lien on the property that existed at the time of execution of the will.
(b) If a security interest or lien is created or attaches initially after the execution of the will, the legatee is entitled to exoneration.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974. Amended by Acts 2019, c. 197, § 1, eff. Oct. 1, 2019.
Formerly Art. 93, § 4-406.
MD Code, Estates and Trusts, § 4-406, MD EST & TRST § 4-406
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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