§ 11-521. Acquisition of race course related property for public use
West's Annotated Code of MarylandBusiness RegulationEffective: June 1, 2020
Effective: June 1, 2020
MD Code, Business Regulation, § 11-521
§ 11-521. Acquisition of race course related property for public use
(a) In addition to the other provisions of this subtitle, in accordance with the sovereign power of the State and the provisions of Article III, §§ 40 and 40A of the Maryland Constitution, and subject to subsections (b) and (c) of this section, the State may acquire by purchase or condemnation for public use with just compensation some or all of the following real, tangible, and intangible private property, including any contractual interests or intellectual property:
(7) all property of the Laurel Racing Assoc., Inc., the Laurel Racing Association Limited Partnership, or their respective successors and assigns, including stock and equity interests, and including any and all property or property rights associated with them, whether tangible, intangible, real, personal, or mixed.
(c) Pursuant to the provisions of Article III, § 40A of the Maryland Constitution, as applicable, the private property described under subsection (a) of this section may be taken immediately on payment for the property consistent with the procedures of §§ 8-334 through 8-339 of the Transportation Article.
Credits
Added by Acts 2009, c. 3, § 1, eff. April 14, 2009. Amended by Acts 2020, c. 590, § 1, eff. June 1, 2020.
MD Code, Business Regulation, § 11-521, MD BUS REG § 11-521
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.
End of Document |