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§ 4A-707. Property certificate, form and contents

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 4a. Limited Liability Company Act (Refs & Annos)
Subtitle 7. Merger
MD Code, Corporations and Associations, § 4A-707
§ 4A-707. Property certificate, form and contents
Currentness
Property certificate
(a) The Department shall require a limited liability company, limited partnership, partnership, corporation, or business trust to submit with the articles of merger a property certificate for each county where a merging limited liability company, partnership, limited partnership, corporation, or business trust other than the successor owns an interest in land.
When required
(b) The property certificate is not required with respect to any property in which the only interest owned by the merging limited liability company, partnership, limited partnership, corporation, or business trust is a security interest.
Requirements
(c) The property certificate:
(1) Shall be in the form and number of copies that the Department requires; and
(2) May include the certificate of the Department required by § 4A-706 of this subtitle.
Contents
(d)(1) The property certificate shall provide a deed reference or other description sufficient to identify the property.
(2) The Department shall:
(i) Indicate on the property certificate the time the articles of merger are accepted for record; and
(ii) Send a copy of the property certificate to the chief assessor of the county where the property is located.
Effect of error or failure to act
(e) A transfer, vesting, or devolution of title to the property is not invalidated or otherwise affected by any error or defect in the property certificate, failure to file the property certificate, or failure by the Department to act on the property certificate.

Credits

Added by Acts 1992, c. 536. Amended by Acts 1997, c. 654, § 2, eff. July 1, 1998.
MD Code, Corporations and Associations, § 4A-707, MD CORP & ASSNS § 4A-707
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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