§ 9-20D-06. Property made subject to regulated sustainable energy contracts by owners
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2013
Effective: July 1, 2013
MD Code, State Government, § 9-20D-06
§ 9-20D-06. Property made subject to regulated sustainable energy contracts by owners
(a) A property owner may subject property to a regulated sustainable energy contract by recording or authorizing the recordation of the regulated sustainable energy contract among the land records in the county where the property is located.
(b)(1) Subject to § 9-20D-08 of this subtitle, a person who acquires property subject to a regulated sustainable energy contract, whether by purchase or other means, assumes the obligation to pay the qualified contractor in accordance with the rate and payment schedules in the regulated sustainable energy contract.
(2) A person selling or transferring a property subject to a regulated sustainable energy contract shall provide written notice to the person acquiring the property that the person acquiring the property shall assume the obligation to pay the qualified contractor in accordance with the rate and payment schedules in the regulated sustainable energy contract.
Credits
Added by Acts 2013, c. 625, § 1, eff. July 1, 2013. Amended by Acts 2013, c. 43, § 5.
MD Code, State Government, § 9-20D-06, MD STATE GOVT § 9-20D-06
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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