Old | New | Differences | |
---|---|---|---|
1 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
2 | 1 | ||
3 | - | – 1 – | |
4 | - | Chapter 402 | |
5 | - | (Senate Bill 92) | |
6 | 2 | ||
7 | - | AN ACT concerning | |
3 | + | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. | |
4 | + | [Brackets] indicate matter deleted from existing law. | |
5 | + | Underlining indicates amendments to bill. | |
6 | + | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
7 | + | amendment. | |
8 | + | *sb0092* | |
8 | 9 | ||
9 | - | Maryland Uniform Partition of Heirs Property Act | |
10 | - | Real Property – Partition of Property | |
10 | + | SENATE BILL 92 | |
11 | + | N1, N2 2lr0801 | |
12 | + | (PRE–FILED) CF HB 777 | |
13 | + | By: Senator Augustine Senators Augustine, Hettleman, Sydnor, and West | |
14 | + | Requested: October 18, 2021 | |
15 | + | Introduced and read first time: January 12, 2022 | |
16 | + | Assigned to: Judicial Proceedings | |
17 | + | Committee Report: Favorable with amendments | |
18 | + | Senate action: Adopted | |
19 | + | Read second time: March 3, 2022 | |
11 | 20 | ||
12 | - | FOR the purpose of requiring the court in an action to partition real property to determine | |
13 | - | whether the property is heirs property for the purpose of partition of the property | |
14 | - | among certain cotenants and if so, to determine the market value of the property | |
15 | - | unless the court makes certain determinations; establishing procedures for the | |
16 | - | purchase of interests in heirs real property by cotenants, for the partition in kind of | |
17 | - | heirs real property among cotenants, and for the partition by sale of heirs real | |
18 | - | property on the open market by a real estate broker licensed in this State; and | |
19 | - | generally relating to the partition of heirs real property. | |
21 | + | CHAPTER ______ | |
20 | 22 | ||
21 | - | BY repealing and reenacting, with amendments, | |
22 | - | Article – Estates and Trusts | |
23 | - | Section 9–107 | |
24 | - | Annotated Code of Maryland | |
25 | - | (2017 Replacement Volume and 2021 Supplement) | |
23 | + | AN ACT concerning 1 | |
26 | 24 | ||
27 | - | BY repealing and reenacting, with amendments, | |
28 | - | Article – Real Property | |
29 | - | Section 14–107 | |
30 | - | Annotated Code of Maryland | |
31 | - | (2015 Replacement Volume and 2021 Supplement) | |
25 | + | Maryland Uniform Partition of Heirs Property Act 2 | |
26 | + | Real Property – Partition of Property 3 | |
32 | 27 | ||
33 | - | BY adding to | |
34 | - | Article – Real Property | |
35 | - | Section 14–701 through 14–713 to be under the new subtitle “Subtitle 7. Maryland | |
36 | - | Uniform Partition of Heirs Property Act Partition of Real Property” | |
37 | - | Annotated Code of Maryland | |
38 | - | (2015 Replacement Volume and 2021 Supplement) | |
28 | + | FOR the purpose of requiring the court in an action to partition real property to determine 4 | |
29 | + | whether the property is heirs property for the purpose of partition of the property 5 | |
30 | + | among certain cotenants and if so, to determine the market value of the property 6 | |
31 | + | unless the court makes certain determinations; establishing procedures for the 7 | |
32 | + | purchase of interests in heirs real property by cotenants, for the partition in kind of 8 | |
33 | + | heirs real property among cotenants, and for the partition by sale of heirs real 9 | |
34 | + | property on the open market by a real estate broker licensed in this State; and 10 | |
35 | + | generally relating to the partition of heirs real property. 11 | |
39 | 36 | ||
40 | - | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, | |
41 | - | That the Laws of Maryland read as follows: | |
37 | + | BY repealing and reenacting, with amendments, 12 | |
38 | + | Article – Estates and Trusts 13 | |
39 | + | Section 9–107 14 | |
40 | + | Annotated Code of Maryland 15 | |
41 | + | (2017 Replacement Volume and 2021 Supplement) 16 | |
42 | 42 | ||
43 | - | Article – Estates and Trusts | |
43 | + | BY repealing and reenacting, with amendments, 17 | |
44 | + | Article – Real Property 18 | |
45 | + | Section 14–107 19 | |
46 | + | Annotated Code of Maryland 20 | |
47 | + | (2015 Replacement Volume and 2021 Supplement) 21 | |
48 | + | 2 SENATE BILL 92 | |
44 | 49 | ||
45 | - | 9–107. | |
46 | 50 | ||
47 | - | (a) (1) When two or more heirs or legatees are entitled to distribution of | |
48 | - | undivided interests in property of the estate, the personal representative or one or more of Ch. 402 2022 LAWS OF MARYLAND | |
51 | + | BY adding to 1 | |
52 | + | Article – Real Property 2 | |
53 | + | Section 14–701 through 14–713 to be under the new subtitle “Subtitle 7. Maryland 3 | |
54 | + | Uniform Partition of Heirs Property Act Partition of Real Property” 4 | |
55 | + | Annotated Code of Maryland 5 | |
56 | + | (2015 Replacement Volume and 2021 Supplement) 6 | |
49 | 57 | ||
50 | - | – 2 – | |
51 | - | the heirs or legatees may petition the court before the formal or informal closing of the | |
52 | - | estate, to make partition. | |
58 | + | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 7 | |
59 | + | That the Laws of Maryland read as follows: 8 | |
53 | 60 | ||
54 | - | (2) After notice to the interested heirs or legatees AND SUBJECT TO THE | |
55 | - | REQUIREMENTS OF TITLE 14, SUBTITLE 7 OF THE REAL PROPERTY ARTICLE, the | |
56 | - | court shall partition the property in the same manner as provided by law for civil actions | |
57 | - | of partition. | |
61 | + | Article – Estates and Trusts 9 | |
58 | 62 | ||
59 | - | (b) The court may direct the personal representative to sell property which cannot | |
60 | - | be partitioned without prejudice to the owners and cannot conveniently be allotted to one | |
61 | - | party. | |
63 | + | 9–107. 10 | |
62 | 64 | ||
63 | - | Article – Real Property | |
65 | + | (a) (1) When two or more heirs or legatees are entitled to distribution of 11 | |
66 | + | undivided interests in property of the estate, the personal representative or one or more of 12 | |
67 | + | the heirs or legatees may petition the court before the formal or informal closing of the 13 | |
68 | + | estate, to make partition. 14 | |
64 | 69 | ||
65 | - | 14–107. | |
70 | + | (2) After notice to the interested heirs or legatees AND SUBJECT TO THE 15 | |
71 | + | REQUIREMENTS OF TITLE 14, SUBTITLE 7 OF THE REAL PROPERTY ARTICLE, the 16 | |
72 | + | court shall partition the property in the same manner as provided by law for civil actions 17 | |
73 | + | of partition. 18 | |
66 | 74 | ||
67 | - | (a) (1) [A] SUBJECT TO THE REQUIR EMENTS OF SUBTITLE 7 OF THIS | |
68 | - | TITLE, A circuit court may decree a partition of any property, either legal or equitable, on | |
69 | - | the bill or petition of any joint tenant, tenant in common, parcener, or concurrent owner, | |
70 | - | whether claiming by descent or purchase. | |
75 | + | (b) The court may direct the personal representative to sell property which cannot 19 | |
76 | + | be partitioned without prejudice to the owners and cannot conveniently be allotted to one 20 | |
77 | + | party. 21 | |
71 | 78 | ||
72 | - | (2) If [it appears that] the property cannot be divided without loss or injury | |
73 | - | to the parties [interested], the court may decree its sale and divide the money resulting | |
74 | - | from the sale among the parties according to their respective rights. | |
79 | + | Article – Real Property 22 | |
75 | 80 | ||
76 | - | (3) The right to a partition or sale includes the right to a partition or sale | |
77 | - | of any separate lot or tract of property, and the bill or petition need not pray for a partition | |
78 | - | of all the lots or tracts. | |
81 | + | 14–107. 23 | |
79 | 82 | ||
80 | - | (b) This section applies regardless of whether any party, plaintiff, or defendant is | |
81 | - | a minor, disabled, or a nonresident. | |
83 | + | (a) (1) [A] SUBJECT TO THE REQUIR EMENTS OF SUBTITLE 7 OF THIS 24 | |
84 | + | TITLE, A circuit court may decree a partition of any property, either legal or equitable, on 25 | |
85 | + | the bill or petition of any joint tenant, tenant in common, parcener, or concurrent owner, 26 | |
86 | + | whether claiming by descent or purchase. 27 | |
82 | 87 | ||
83 | - | ( | |
84 | - | ||
85 | - | ||
88 | + | (2) If [it appears that] the property cannot be divided without loss or injury 28 | |
89 | + | to the parties [interested], the court may decree its sale and divide the money resulting 29 | |
90 | + | from the sale among the parties according to their respective rights. 30 | |
86 | 91 | ||
87 | - | (2) A deed executed [in exercise of the above power provided in] UNDER | |
88 | - | this section shall be executed by the person the court appoints for the purpose. | |
92 | + | (3) The right to a partition or sale includes the right to a partition or sale 31 | |
93 | + | of any separate lot or tract of property, and the bill or petition need not pray for a partition 32 | |
94 | + | of all the lots or tracts. 33 | |
95 | + | SENATE BILL 92 3 | |
89 | 96 | ||
90 | - | (d) (1) If any bill or petition is filed under the provisions of this section for the | |
91 | - | sale of property, any person holding a mortgage, other encumbrance on the property, or an | |
92 | - | undivided interest in the property may be made a party to the bill, and the property shall | |
93 | - | be sold free and clear of the mortgage or other encumbrance. [However] | |
94 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
95 | 97 | ||
96 | - | – 3 – | |
97 | - | (2) NOTWITHSTANDING THE R EQUIREMENTS OF PARAG RAPH (1) OF | |
98 | - | THIS SUBSECTION , the rights of a lienor shall be protected in the distribution of the | |
99 | - | proceeds of the sale. | |
98 | + | (b) This section applies regardless of whether any party, plaintiff, or defendant is 1 | |
99 | + | a minor, disabled, or a nonresident. 2 | |
100 | 100 | ||
101 | - | SUBTITLE 7. MARYLAND UNIFORM PARTITION OF HEIRS PROPERTY ACT. | |
101 | + | (c) (1) A sale and deed made [pursuant to] UNDER an order of the court in the 3 | |
102 | + | exercise of the power provided in this section is good and sufficient at law to transfer 4 | |
103 | + | property of the person. 5 | |
102 | 104 | ||
103 | - | 14–701. | |
105 | + | (2) A deed executed [in exercise of the above power provided in] UNDER 6 | |
106 | + | this section shall be executed by the person the court appoints for the purpose. 7 | |
104 | 107 | ||
105 | - | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS | |
106 | - | INDICATED. | |
108 | + | (d) (1) If any bill or petition is filed under the provisions of this section for the 8 | |
109 | + | sale of property, any person holding a mortgage, other encumbrance on the property, or an 9 | |
110 | + | undivided interest in the property may be made a party to the bill, and the property shall 10 | |
111 | + | be sold free and clear of the mortgage or other encumbrance. [However] 11 | |
107 | 112 | ||
108 | - | ( | |
109 | - | ||
110 | - | ||
113 | + | (2) NOTWITHSTANDING THE R EQUIREMENTS OF PARAGRAPH (1) OF 12 | |
114 | + | THIS SUBSECTION , the rights of a lienor shall be protected in the distribution of the 13 | |
115 | + | proceeds of the sale. 14 | |
111 | 116 | ||
112 | - | (C) “COLLATERAL” MEANS AN INDIVIDUAL WHO IS RELATED TO AN OTHER | |
113 | - | INDIVIDUAL UNDER THE LAW OF INTESTATE SUC CESSION OF THIS STATE BUT WHO | |
114 | - | IS NOT THE OTHER INDIVIDU AL’S ASCENDANT OR DESCE NDANT. | |
117 | + | SUBTITLE 7. MARYLAND UNIFORM PARTITION OF HEIRS PROPERTY ACT. 15 | |
115 | 118 | ||
116 | - | (D) “DESCENDANT” MEANS AN INDIVIDUAL WHO FOLLOWS ANOTHER | |
117 | - | INDIVIDUAL IN LINEAG E, IN THE DIRECT LINE O F DESCENT FROM THE O THER | |
118 | - | INDIVIDUAL. | |
119 | + | 14–701. 16 | |
119 | 120 | ||
120 | - | (E) “DETERMINATION OF VALU E” MEANS A COURT ORDER DETERMINING | |
121 | - | THE FAIR MARKET VALUE OF HEIRS PROPERTY UNDER § 14–705 OR § 14–709 OF THIS | |
122 | - | SUBTITLE OR ADOPTING THE VALUATION OF THE PROPERTY AGREED TO B Y ALL | |
123 | - | COTENANTS. | |
121 | + | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 17 | |
122 | + | INDICATED. 18 | |
124 | 123 | ||
125 | - | ( | |
126 | - | ||
127 | - | ||
124 | + | (B) “ASCENDANT” MEANS AN INDIVIDUAL WHO PRECEDES ANOTHER 19 | |
125 | + | INDIVIDUAL IN LINEAG E, IN THE DIRECT LINE O F ASCENT FROM THE OT HER 20 | |
126 | + | INDIVIDUAL. 21 | |
128 | 127 | ||
129 | - | (1) THERE IS NO AGREEMENT IN A RECORD BINDING ALL THE | |
130 | - | COTENANTS THAT GOVER NS THE PARTITION OF THE PROPERTY ; | |
128 | + | (C) “COLLATERAL” MEANS AN INDIVIDUAL WHO IS RELATED TO AN OTHER 22 | |
129 | + | INDIVIDUAL UNDER THE LAW OF INTESTATE SUCCESSION OF THIS STATE BUT WHO 23 | |
130 | + | IS NOT THE OTHER IND IVIDUAL’S ASCENDANT OR DESCE NDANT. 24 | |
131 | 131 | ||
132 | - | (2) ONE OR MORE OF THE CO TENANTS ACQUIRED TIT LE FROM A | |
133 | - | RELATIVE, WHETHER LIVING OR DE CEASED; AND | |
132 | + | (D) “DESCENDANT” MEANS AN INDIVIDUAL WHO FOLLOWS ANOTHER 25 | |
133 | + | INDIVIDUAL IN LINEAG E, IN THE DIRECT LINE O F DESCENT FROM THE O THER 26 | |
134 | + | INDIVIDUAL. 27 | |
134 | 135 | ||
135 | - | (3) ANY OF THE FOLLOWING APPLIES: | |
136 | + | (E) “DETERMINATION OF VALUE” MEANS A COURT ORDER DETERMINING 28 | |
137 | + | THE FAIR MARKET VALU E OF HEIRS PROPERTY UNDER § 14–705 OR § 14–709 OF THIS 29 | |
138 | + | SUBTITLE OR ADOPTING THE VALUATION OF THE PROPERTY AGREED TO B Y ALL 30 | |
139 | + | COTENANTS. 31 | |
140 | + | 4 SENATE BILL 92 | |
136 | 141 | ||
137 | - | (I) 20% OR MORE OF THE INTER ESTS ARE HELD BY COT ENANTS | |
138 | - | WHO ARE RELATIVES ; | |
139 | - | Ch. 402 2022 LAWS OF MARYLAND | |
140 | 142 | ||
141 | - | – 4 – | |
142 | - | (II) 20% OR MORE OF THE INTER ESTS ARE HELD BY AN | |
143 | - | INDIVIDUAL WHO ACQUI RED TITLE FROM A REL ATIVE, WHETHER LIVING OR | |
144 | - | DECEASED; OR | |
143 | + | (F) “HEIRS PROPERTY ” MEANS REAL PROPERTY HELD IN TENANCY IN 1 | |
144 | + | COMMON THAT SATISFIE S THE FOLLOWING REQU IREMENTS AS OF THE F ILING OF A 2 | |
145 | + | PARTITION ACTION : 3 | |
145 | 146 | ||
146 | - | (III) 20% OR MORE OF THE COTEN ANTS ARE RELATIVES . | |
147 | + | (1) THERE IS NO AGREEMENT IN A RECORD BINDING ALL THE 4 | |
148 | + | COTENANTS THAT GOVER NS THE PARTITION OF THE PROPERTY ; 5 | |
147 | 149 | ||
148 | - | (G) “PARTITION BY SALE ” MEANS A COURT –ORDERED SALE OF THE ENTIRE | |
149 | - | HEIRS PROPERTY , WHETHER BY AUCTION , SEALED BIDS, OR OPEN–MARKET SALE | |
150 | - | CONDUCTED UNDER § 14–709 OF THIS SUBTITLE. | |
150 | + | (2) ONE OR MORE OF THE CO TENANTS ACQUIRED TIT LE FROM A 6 | |
151 | + | RELATIVE, WHETHER LIVING OR DE CEASED; AND 7 | |
151 | 152 | ||
152 | - | (H) “PARTITION IN KIND” MEANS THE DIVISION OF HEIR S PROPERTY INTO | |
153 | - | PHYSICALLY DISTINCT AND SEPARATELY TITLE D PARCELS. | |
153 | + | (3) ANY OF THE FOLLOWING APPLIES: 8 | |
154 | 154 | ||
155 | - | (I) “RECORD” MEANS INFORMATION TH AT IS INSCRIBED ON A TANGIBLE | |
156 | - | MEDIUM OR THAT IS ST ORED IN AN ELECTRONI C OR OTHER MEDIUM AN D IS | |
157 | - | RETRIEVABLE IN PERCE IVABLE FORM. | |
155 | + | (I) 20% OR MORE OF THE INTER ESTS ARE HELD BY COT ENANTS 9 | |
156 | + | WHO ARE RELATIVES ; 10 | |
158 | 157 | ||
159 | - | ( | |
160 | - | OR | |
161 | - | ||
158 | + | (II) 20% OR MORE OF THE INTER ESTS ARE HELD BY AN 11 | |
159 | + | INDIVIDUAL WHO ACQUI RED TITLE FROM A REL ATIVE, WHETHER LIVING OR 12 | |
160 | + | DECEASED; OR 13 | |
162 | 161 | ||
163 | - | ||
162 | + | (III) 20% OR MORE OF THE COTEN ANTS ARE RELATIVES . 14 | |
164 | 163 | ||
165 | - | ( | |
166 | - | ||
167 | - | ||
164 | + | (G) “PARTITION BY SALE ” MEANS A COURT –ORDERED SALE OF THE ENTIRE 15 | |
165 | + | HEIRS PROPERTY , WHETHER BY AUCTION , SEALED BIDS, OR OPEN–MARKET SALE 16 | |
166 | + | CONDUCTED UNDER § 14–709 OF THIS SUBTITLE. 17 | |
168 | 167 | ||
169 | - | (2) IF THE COURT DETERMIN ES THAT THE PROPERTY IS HEIRS | |
170 | - | PROPERTY, THE PROPERTY SHALL B E PARTITIONED UNDER THIS SUBTITLE UNLESS | |
171 | - | ALL OF THE COTENANTS AGREE OTHER WISE IN A RECORD . | |
168 | + | (H) “PARTITION IN KIND” MEANS THE DIVISION O F HEIRS PROPERTY INT O 18 | |
169 | + | PHYSICALLY DISTINCT AND SEPARATELY TITLE D PARCELS. 19 | |
172 | 170 | ||
173 | - | ( | |
174 | - | ||
175 | - | ||
171 | + | (I) “RECORD” MEANS INFORMATION TH AT IS INSCRIBED ON A TANGIBLE 20 | |
172 | + | MEDIUM OR THAT IS ST ORED IN AN ELECTRONI C OR OTHER MEDIUM AN D IS 21 | |
173 | + | RETRIEVABLE IN PERCE IVABLE FORM. 22 | |
176 | 174 | ||
177 | - | 14–703. | |
175 | + | (J) “RELATIVE” MEANS AN ASCENDANT , A DESCENDANT , OR A COLLATERAL 23 | |
176 | + | OR AN INDIVIDUAL OTH ERWISE RELATED TO AN OTHER INDIVIDUAL BY BLOOD, 24 | |
177 | + | MARRIAGE, ADOPTION, OR LAW OF THIS STATE OTHER THAN THIS SUBTITLE. 25 | |
178 | 178 | ||
179 | - | (A) THIS SUBTITLE DOES NO T LIMIT OR AFFECT THE METHOD BY WHICH | |
180 | - | SERVICE OF A COMPLAI NT IN A PARTITION AC TION MAY BE MADE . | |
179 | + | 14–702. 26 | |
181 | 180 | ||
182 | - | (B) (1) IF THE PLAINTIFF IN A PARTITION ACTION SEE KS NOTICE BY | |
183 | - | PUBLICATION AND THE COURT DETERMINES THA T THE PROPERTY MAY B E HEIRS | |
184 | - | PROPERTY, THE PLAINTIFF , NOT LATER THA N 10 DAYS AFTER THE COURT ’S LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
181 | + | (A) (1) IN AN ACTION TO PARTI TION REAL PROPERTY U NDER § 14–107 OF 27 | |
182 | + | THIS TITLE, THE COURT SHALL DETE RMINE WHETHER THE PR OPERTY IS HEIRS 28 | |
183 | + | PROPERTY. 29 | |
184 | + | SENATE BILL 92 5 | |
185 | 185 | ||
186 | - | – 5 – | |
187 | - | DETERMINATION , SHALL POST AND MAINT AIN WHILE THE ACTION IS PENDING A | |
188 | - | CONSPICUOUS SIGN ON THE PROPERTY THAT IS THE SUBJECT OF THE A CTION. | |
189 | 186 | ||
190 | - | (2) THE | |
191 | - | ||
192 | - | ||
187 | + | (2) IF THE COURT DETERMIN ES THAT THE PROPERTY IS HEIRS 1 | |
188 | + | PROPERTY, THE PROPERTY SHALL B E PARTITIONED UNDER THIS SUBTITLE UNLESS 2 | |
189 | + | ALL OF THE COTENANTS AGREE OTHERWISE IN A RECORD. 3 | |
193 | 190 | ||
194 | - | (3) THE COURT MAY REQUIRE THE PLAINTIFF TO PUB LISH ON THE | |
195 | - | SIGN THE NAME OF THE PLAINTIFF AND THE KN OWN DEFENDANTS . | |
191 | + | (B) THIS SUBTITLE SUPPLEM ENTS § 14–107 OF THIS TITLE AND , IF AN 4 | |
192 | + | ACTION IS GOVERNED B Y THIS SUBTITLE, REPLACES PROVISIONS OF § 14–107 OF 5 | |
193 | + | THIS TITLE THAT ARE INCONSISTENT WITH TH IS SUBTITLE. 6 | |
196 | 194 | ||
197 | - | 14– | |
195 | + | 14–703. 7 | |
198 | 196 | ||
199 | - | IF THE COURT APPOINTS COMMISSIONERS UNDER THE MARYLAND RULES, | |
200 | - | EACH COMMISSIONER , IN ADDITION TO THE R EQUIREMENTS AND | |
201 | - | DISQUALIFICATIONS AP PLICABLE TO COMMISSI ONERS UNDER THE MARYLAND | |
202 | - | RULES, MUST BE DISINTERESTE D AND IMPARTIAL AND NOT A PARTY TO OR A | |
203 | - | PARTICIPANT IN THE A CTION. | |
197 | + | (A) THIS SUBTITLE DOES NO T LIMIT OR AFFECT TH E METHOD BY WHICH 8 | |
198 | + | SERVICE OF A COMPLAI NT IN A PARTITION AC TION MAY BE MADE . 9 | |
204 | 199 | ||
205 | - | 14–705. | |
200 | + | (B) (1) IF THE PLAINTIFF IN A PARTITION ACTION SEE KS NOTICE BY 10 | |
201 | + | PUBLICATION AND THE COURT DETERMINES THA T THE PROPERTY MAY BE HEIRS 11 | |
202 | + | PROPERTY, THE PLAINTIFF , NOT LATER THAN 10 DAYS AFTER THE COURT ’S 12 | |
203 | + | DETERMINATION , SHALL POST AND MAINT AIN WHILE THE ACTION IS PENDING A 13 | |
204 | + | CONSPICUOUS SIGN ON THE PROPERTY THAT IS THE SUBJECT OF THE A CTION. 14 | |
206 | 205 | ||
207 | - | (A) EXCEPT AS PROVIDED IN SUBSECTIO NS (B) AND (C) OF THIS SECTION, IF | |
208 | - | THE COURT DETERMINES THAT THE PROPERTY TH AT IS THE SUBJECT OF A | |
209 | - | PARTITION ACTION IS HEIRS PROPERTY , THE COURT SHALL DETE RMINE THE FAIR | |
210 | - | MARKET VALUE OF THE PROPERTY BY ORDERING AN APPRAISAL IN ACCORDANCE | |
211 | - | WITH SUBSECTION (D) OF THIS SECTION. | |
206 | + | (2) THE SIGN SHALL STATE THAT THE ACTIO N HAS COMMENCED AND 15 | |
207 | + | IDENTIFY THE NAME AN D ADDRESS OF THE COU RT AND THE COMMON DE SIGNATION 16 | |
208 | + | BY WHICH THE PROPERT Y IS KNOWN. 17 | |
212 | 209 | ||
213 | - | (B) IF ALL COTENANTS HAVE AGREED TO THE VALUE OF THE PROPERTY OR | |
214 | - | TO ANOTHER METHOD OF VALUATION, THE COURT SHALL ADOP T THAT VALUE OR | |
215 | - | THE VALUE PRODUCED B Y THE AGREED METHOD OF VALUATION . | |
210 | + | (3) THE COURT MAY REQUIRE THE PLAINTIFF TO PUB LISH ON THE 18 | |
211 | + | SIGN THE NAME OF THE PLAINTIFF AND THE KN OWN DEFENDANTS . 19 | |
216 | 212 | ||
217 | - | (C) IF THE COURT DETERMINES THAT THE EVIDENTIARY VALUE OF AN | |
218 | - | APPRAISAL IS OUTWEIG HED BY THE COST OF T HE APPRAISAL, THE COURT, AFTER | |
219 | - | AN EVIDENTIARY HEARI NG, SHALL DETERMINE THE FAIR MARKET VALUE OF THE | |
220 | - | PROPERTY AND SEND NO TICE TO THE PARTIES OF THE VALUE. | |
213 | + | 14–704. 20 | |
221 | 214 | ||
222 | - | (D) (1) IF THE COURT ORDERS AN APPRA ISAL, THE COURT SHALL | |
223 | - | APPOINT A DISINTERES TED REAL ESTATE APPR AISER LICENSED IN TH E STATE TO | |
224 | - | DETERMINE THE FAIR M ARKET VALUE OF THE P ROPERTY ASSUMING SOL E | |
225 | - | OWNERSHIP OF THE FEE SIMPLE ESTATE . | |
215 | + | IF THE COURT APPOINTS CO MMISSIONERS UNDER TH E MARYLAND RULES, 21 | |
216 | + | EACH COMMISSIONER , IN ADDITION TO THE R EQUIREMENTS AND 22 | |
217 | + | DISQUALIFICATIONS AP PLICABLE TO COMMISSI ONERS UNDER THE MARYLAND 23 | |
218 | + | RULES, MUST BE DISINTERESTE D AND IMPARTIAL AND NOT A PARTY TO OR A 24 | |
219 | + | PARTICIPANT IN THE ACTION. 25 | |
226 | 220 | ||
227 | - | (2) ON COMPLETION OF THE APPRAISAL, THE APPRAISER SHALL FILE | |
228 | - | A SWORN OR VERIFIED APPRAISAL WITH THE C OURT. | |
229 | - | Ch. 402 2022 LAWS OF MARYLAND | |
221 | + | 14–705. 26 | |
230 | 222 | ||
231 | - | – 6 – | |
232 | - | (E) IF AN APPRAISAL IS CO NDUCTED UNDER SUBSEC TION (D) OF THIS | |
233 | - | SECTION, NOT LATER THAN 10 DAYS AFTER THE APPRA ISAL IS FILED, THE COURT | |
234 | - | SHALL SEND NOTICE TO EACH PARTY WITH A KN OWN ADDRESS , STATING: | |
223 | + | (A) EXCEPT AS PROVIDED IN SUBSECTIONS (B) AND (C) OF THIS SECTION, IF 27 | |
224 | + | THE COURT DETERMINES THAT THE PROPERTY TH AT IS THE SUBJECT OF A 28 | |
225 | + | PARTITION ACTION IS HEIRS PROPERTY , THE COURT SHALL DETE RMINE THE FAIR 29 | |
226 | + | MARKET VALUE OF THE PROPERTY BY ORDERING AN APPRAISAL IN ACCO RDANCE 30 | |
227 | + | WITH SUBSECTION (D) OF THIS SECTION. 31 | |
228 | + | 6 SENATE BILL 92 | |
235 | 229 | ||
236 | - | (1) THE APPRAISED FAIR MA RKET VALUE OF THE PR OPERTY; | |
237 | 230 | ||
238 | - | (2) THAT THE APPRAISAL IS AVAILABLE AT THE OFF ICE OF THE | |
239 | - | CLERK; AND | |
231 | + | (B) IF ALL COTENANTS HAVE AGREED TO THE VALUE OF THE PROPERTY OR 1 | |
232 | + | TO ANOTHER METHOD OF VALUATION, THE COURT SHALL ADOP T THAT VALUE OR 2 | |
233 | + | THE VALUE PRODUCED B Y THE AGREED MET HOD OF VALUATION . 3 | |
240 | 234 | ||
241 | - | (3) THAT A PARTY MAY FILE WITH THE COURT AN OB JECTION TO THE | |
242 | - | APPRAISAL NOT LATER THAN 30 DAYS AFTER THE NOTIC E IS SENT, STATING THE | |
243 | - | GROUNDS FOR THE OBJE CTION. | |
235 | + | (C) IF THE COURT DETERMIN ES THAT THE EVIDENTI ARY VALUE OF AN 4 | |
236 | + | APPRAISAL IS OUTWEIG HED BY THE COST OF T HE APPRAISAL, THE COURT, AFTER 5 | |
237 | + | AN EVIDENTIARY HEARI NG, SHALL DETERMINE THE FAIR MARKET VALUE OF THE 6 | |
238 | + | PROPERTY AND SEND NO TICE TO THE PAR TIES OF THE VALUE . 7 | |
244 | 239 | ||
245 | - | (F) (1) IF AN APPRAISAL IS FI LED WITH THE COURT U NDER SUBSECTION | |
246 | - | (D) OF THIS SECTION, THE COURT SHALL COND UCT A HEARING TO DET ERMINE THE | |
247 | - | FAIR MARKET VALUE OF THE PROPERTY NOT SOO NER THAN 30 DAYS AFTER A COPY | |
248 | - | OF THE NOTICE OF THE APPRAISAL IS SENT TO EACH PARTY UNDER SUB SECTION (E) | |
249 | - | OF THIS SECTION , WHETHER OR NOT AN OB JECTION TO THE APPRA ISAL IS FILED | |
250 | - | UNDER SUBSECTION (E)(3) OF THIS SECTION. | |
240 | + | (D) (1) IF THE COURT ORDERS A N APPRAISAL , THE COURT SHALL 8 | |
241 | + | APPOINT A DISINTERES TED REAL ESTATE APPR AISER LICENSED IN TH E STATE TO 9 | |
242 | + | DETERMINE THE FAIR M ARKET VALUE OF THE P ROPERTY ASSUMING SOL E 10 | |
243 | + | OWNERSHIP OF THE FEE SIMPLE ESTATE . 11 | |
251 | 244 | ||
252 | - | (2) | |
253 | - | ||
245 | + | (2) ON COMPLETION OF THE APPRAISAL, THE APPRAISER SHALL FILE 12 | |
246 | + | A SWORN OR VERIFIED APPRAISAL WITH THE C OURT. 13 | |
254 | 247 | ||
255 | - | (G) AFTER A HEARING UNDER SUBSECTION (F) OF THIS SECTION , BUT | |
256 | - | BEFORE CONSIDERING T HE MERITS OF THE PAR TITION ACTION, THE COURT SHALL | |
257 | - | DETERMINE THE FAIR M ARKET VALUE OF THE P ROPERTY AND SEND NOT ICE TO THE | |
258 | - | PARTIES OF THE VALUE . | |
248 | + | (E) IF AN APPRAISAL IS CO NDUCTED UNDER SUBSEC TION (D) OF THIS 14 | |
249 | + | SECTION, NOT LATER THAN 10 DAYS AFTER THE APPRA ISAL IS FILED, THE COURT 15 | |
250 | + | SHALL SEND NOTICE TO EACH PARTY WITH A KNOWN ADDRESS , STATING: 16 | |
259 | 251 | ||
260 | - | ||
252 | + | (1) THE APPRAISED FAIR MA RKET VALUE OF THE PR OPERTY; 17 | |
261 | 253 | ||
262 | - | (A) IF ANY COTENANT REQUE STED PARTITION BY SA LE, AFTER THE | |
263 | - | DETERMINATION OF VAL UE UNDER § 14–705 OF THIS SUBTITLE , THE COURT SHALL | |
264 | - | SEND NOTICE TO THE P ARTIES THAT ANY COTE NANT, EXCEPT A COTENANT TH AT | |
265 | - | REQUESTED PARTITION BY SALE, MAY BUY ALL THE INTE RESTS OF THE COTENAN TS | |
266 | - | THAT REQUESTED PARTI TION BY SALE. | |
254 | + | (2) THAT THE APPRAISAL IS AVAILABLE AT THE OFF ICE OF THE 18 | |
255 | + | CLERK; AND 19 | |
267 | 256 | ||
268 | - | (B) NOT LATER THAN 45 DAYS AFTER THE NOTIC E IS SENT UNDER | |
269 | - | SUBSECTION (A) OF THIS SECTION , ANY COTENANT , EXCEPT A COTENANT TH AT | |
270 | - | REQUESTED PARTITION BY SALE, MAY GIVE NOT ICE TO THE COURT THA T THE | |
271 | - | COTENANT ELECTS TO B UY ALL THE INTERESTS OF THE COTENANTS THA T | |
272 | - | REQUESTED PARTITION BY SALE. | |
273 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
257 | + | (3) THAT A PARTY MAY FILE WITH THE COURT AN OB JECTION TO THE 20 | |
258 | + | APPRAISAL NOT LATER THAN 30 DAYS AFTER THE NOTIC E IS SENT, STATING THE 21 | |
259 | + | GROUNDS FOR THE OBJE CTION. 22 | |
274 | 260 | ||
275 | - | – 7 – | |
276 | - | (C) THE PURCHASE PRICE FO R EACH OF THE INTERE STS OF A COTENANT | |
277 | - | THAT REQUESTED PARTI TION BY SALE IS THE VALUE OF THE ENTIRE PARCEL | |
278 | - | DETERMINED UNDER § 14–705 OF THIS SUBTITLE MUL TIPLIED BY THE COTEN ANT’S | |
279 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL . | |
261 | + | (F) (1) IF AN APPRAISAL IS FI LED WITH THE COURT U NDER SUBSECTION 23 | |
262 | + | (D) OF THIS SECTION, THE COURT SHALL COND UCT A HEARING TO DET ERMINE THE 24 | |
263 | + | FAIR MARKET VALUE OF THE PROPERTY NOT SOONER THAN 30 DAYS AFTER A COPY 25 | |
264 | + | OF THE NOTICE OF THE APPRAISAL IS SENT TO EACH PARTY UNDER SUB SECTION (E) 26 | |
265 | + | OF THIS SECTION , WHETHER OR NOT AN OB JECTION TO THE APPRA ISAL IS FILED 27 | |
266 | + | UNDER SUBSECTION (E)(3) OF THIS SECTION. 28 | |
280 | 267 | ||
281 | - | ( | |
282 | - | ||
268 | + | (2) IN ADDITION TO THE CO URT–ORDERED APPRAISAL , THE COURT 29 | |
269 | + | MAY CONSIDER ANY OTH ER EVIDENCE OF VALUE OFFERED BY A PARTY . 30 | |
283 | 270 | ||
284 | - | (1) IF ONLY ONE COTENANT ELECTS TO BUY ALL THE INTEREST S OF | |
285 | - | THE COTENANTS THAT R EQUESTED PARTITION B Y SALE, THE COURT SHALL NOTI FY | |
286 | - | ALL THE PARTIES ; | |
271 | + | (G) AFTER A HEARING UNDER SUBSECTION (F) OF THIS SECTION , BUT 31 | |
272 | + | BEFORE CONSIDERING T HE MERITS OF THE PAR TITION ACTION, THE COURT SHALL 32 | |
273 | + | DETERMINE THE FAIR M ARKET VALUE OF THE PROPERTY AND SEN D NOTICE TO THE 33 | |
274 | + | PARTIES OF THE VALUE . 34 SENATE BILL 92 7 | |
287 | 275 | ||
288 | - | (2) IF MORE THAN ONE COTE NANT ELECTS TO BUY A LL THE | |
289 | - | INTERESTS OF THE COT ENANTS THAT REQUESTE D PARTITION BY SALE , THE COURT | |
290 | - | SHALL: | |
291 | 276 | ||
292 | - | (I) ALLOCATE THE RIGHT TO BUY THOSE INTERESTS AMONG | |
293 | - | THE ELECTING COTENAN TS BASED ON EACH ELE CTING COTENANT ’S EXISTING | |
294 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL EXISTING | |
295 | - | FRACTIONAL OWNERSHIP OF ALL COTENANTS ELE CTING TO BUY; | |
296 | 277 | ||
297 | - | (II) NOTIFY ALL THE PARTIES TH AT MORE THAN ONE | |
298 | - | COTENANT ELECTED TO BUY ALL THE INTEREST S OF THE COTENANTS T HAT | |
299 | - | REQUESTED PARTITION BY SALE; AND | |
278 | + | 14–706. 1 | |
300 | 279 | ||
301 | - | (III) SEND NOTICE OF THE PR ICE TO BE PAID BY EA CH ELECTING | |
302 | - | COTENANT; OR | |
280 | + | (A) IF ANY COTENANT REQUE STED PARTITION BY SA LE, AFTER THE 2 | |
281 | + | DETERMINATION OF VAL UE UNDER § 14–705 OF THIS SUBTITLE , THE COURT SHALL 3 | |
282 | + | SEND NOTICE TO THE P ARTIES THAT ANY COTE NANT, EXCEPT A COTENANT THAT 4 | |
283 | + | REQUESTED PARTITION BY SALE, MAY BUY ALL THE INTE RESTS OF THE COTENAN TS 5 | |
284 | + | THAT REQUESTED PARTI TION BY SALE. 6 | |
303 | 285 | ||
304 | - | (3) IF NO COTENANT ELECTS TO BUY ALL THE I NTERESTS OF THE | |
305 | - | COTENANTS THAT REQUE STED PARTITION BY SA LE, THE COURT SHALL SEND | |
306 | - | NOTICE TO ALL THE PA RTIES AND RESOLVE TH E PARTITION ACTION U NDER § | |
307 | - | 14–709(A) AND (B) OF THIS SUBTITLE. | |
286 | + | (B) NOT LATER THAN 45 DAYS AFTER THE NOTIC E IS SENT UNDER 7 | |
287 | + | SUBSECTION (A) OF THIS SECTION , ANY COTENANT , EXCEPT A COTENANT TH AT 8 | |
288 | + | REQUESTED PARTITION BY SALE , MAY GIVE NOTICE TO T HE COURT THAT THE 9 | |
289 | + | COTENANT ELECTS TO B UY ALL THE INTERESTS OF THE COTENANTS THA T 10 | |
290 | + | REQUESTED PARTITION BY SALE. 11 | |
308 | 291 | ||
309 | - | ( | |
310 | - | ||
311 | - | ||
312 | - | ||
292 | + | (C) THE PURCHASE PRICE FO R EACH OF THE INTERE STS OF A COTENANT 12 | |
293 | + | THAT REQUESTED PARTI TION BY SALE IS THE VALUE OF THE ENTIRE PARCEL 13 | |
294 | + | DETERMINED UNDER § 14–705 OF THIS SUBTITLE MUL TIPLIED BY THE COTEN ANT’S 14 | |
295 | + | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL . 15 | |
313 | 296 | ||
314 | - | ( | |
315 | - | THIS | |
297 | + | (D) AFTER EXPIRATION OF T HE PERIOD DESCRIBED IN SUBSECTION (B) OF 16 | |
298 | + | THIS SECTION, THE FOLLOWING RULES APPLY: 17 | |
316 | 299 | ||
317 | - | (I) IF ALL ELECTING COTEN ANTS PAY THEIR APPOR TIONED | |
318 | - | PRICE INTO COURT ON TIME, THE COURT SHALL ISSU E AN ORDER REALLOCAT ING Ch. 402 2022 LAWS OF MARYLAND | |
300 | + | (1) IF ONLY ONE COTENANT ELECTS TO BUY ALL TH E INTERESTS OF 18 | |
301 | + | THE COTENANTS THAT R EQUESTED PARTITION B Y SALE, THE COURT SHALL NOTI FY 19 | |
302 | + | ALL THE PARTIES ; 20 | |
319 | 303 | ||
320 | - | ||
321 | - | ||
322 | - | ||
304 | + | (2) IF MORE THAN ONE COTE NANT ELECTS TO BUY A LL THE 21 | |
305 | + | INTERESTS OF THE COT ENANTS THAT REQUESTE D PARTITION BY SALE, THE COURT 22 | |
306 | + | SHALL: 23 | |
323 | 307 | ||
324 | - | ( | |
325 | - | ||
326 | - | ||
327 | - | ||
308 | + | (I) ALLOCATE THE RIGHT TO BUY THOSE INTERESTS AMONG 24 | |
309 | + | THE ELECTING COTENAN TS BASED ON EACH ELE CTING COTENANT ’S EXISTING 25 | |
310 | + | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL EXISTING 26 | |
311 | + | FRACTIONAL OWNERSHIP OF ALL COTENANT S ELECTING TO BUY ; 27 | |
328 | 312 | ||
329 | - | (III) IF ONE OR MORE BUT NO T ALL OF THE ELECTIN G | |
330 | - | COTENANTS FAIL TO PA Y THEIR APPORTIONED PRICE ON TIME , THE COURT, ON | |
331 | - | MOTION, SHALL GIVE NOTICE OF THE INTEREST REMAINI NG AND THE PRICE FOR | |
332 | - | THAT INTEREST TO THE ELECTING COTENANTS THAT PAI D THEIR APPORTIONED | |
333 | - | PRICE. | |
313 | + | (II) NOTIFY ALL THE PARTIE S THAT MORE THAN ONE 28 | |
314 | + | COTENANT ELECTED TO BUY ALL THE INTEREST S OF THE COTENANTS T HAT 29 | |
315 | + | REQUESTED PARTITION BY SALE; AND 30 | |
334 | 316 | ||
335 | - | (F) (1) NOT LATER THAN 20 DAYS AFTER THE COURT GIVES NOTICE | |
336 | - | UNDER SUBSECTION (E)(2)(III) OF THIS SECTION , ANY COTENANT THAT PA ID THE | |
337 | - | COTENANT’S APPORTIONED PRICE MAY ELECT TO PURCHAS E ALL OF THE | |
338 | - | REMAINING INTEREST BY PAYING TH E ENTIRE PRICE INTO THE COURT. | |
317 | + | (III) SEND NOTICE OF THE PR ICE TO BE PAID BY EA CH ELECTING 31 | |
318 | + | COTENANT; OR 32 | |
319 | + | 8 SENATE BILL 92 | |
339 | 320 | ||
340 | - | (2) AFTER THE 20–DAY PERIOD DESCRIBED IN PARAGRAPH (1) OF | |
341 | - | THIS SUBSECTION , THE FOLLOWING RULES APPLY: | |
342 | 321 | ||
343 | - | (I) IF ONLY ONE COTENANT PAYS THE ENTIRE PRIC E FOR THE | |
344 | - | REMAINING INTEREST , THE COURT SHALL : | |
322 | + | (3) IF NO COTENANT ELECTS TO BUY ALL THE INTEREST S OF THE 1 | |
323 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE, THE COURT SHALL SEND 2 | |
324 | + | NOTICE TO ALL THE PA RTIES AND RESOLVE TH E PARTITION ACTION U NDER § 3 | |
325 | + | 14–709(A) AND (B) OF THIS SUBTITLE. 4 | |
345 | 326 | ||
346 | - | 1. ISSUE AN ORDER REALLO CATING THE REMAINING | |
347 | - | INTEREST TO THAT COT ENANT; AND | |
327 | + | (E) (1) IF THE COURT SENDS NO TICE TO THE PARTIES UNDER 5 | |
328 | + | SUBSECTION (D)(1) OR (2) OF THIS SECTION , THE COURT SHALL SET A DATE NOT 6 | |
329 | + | SOONER THAN 60 DAYS AFTER THE DATE THE NOTICE WAS SENT BY WHICH 7 | |
330 | + | ELECTING COTENANTS M UST PAY THEIR APPORT IONED PRICE INTO THE COURT. 8 | |
348 | 331 | ||
349 | - | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING THE | |
350 | - | INTERESTS OF ALL OF THE COTENANTS AND DI SBURSE THE AMOUNTS H ELD BY THE | |
351 | - | COURT TO THE PERSONS ENTITLED TO THEM ; | |
332 | + | (2) AFTER THE DATE SET BY THE COURT UNDER PARA GRAPH (1) OF 9 | |
333 | + | THIS SUBSECTION , THE FOLLOWING RULES APPLY: 10 | |
352 | 334 | ||
353 | - | ( | |
354 | - | ||
355 | - | ||
356 | - | ||
335 | + | (I) IF ALL ELECTING COTEN ANTS PAY THEIR APPOR TIONED 11 | |
336 | + | PRICE INTO COURT ON TIME, THE COURT SHALL ISSU E AN ORDER REALLOCAT ING 12 | |
337 | + | ALL THE INTERESTS OF THE COTENANTS AND DI SBURSE THE A MOUNTS HELD BY THE 13 | |
338 | + | COURT TO THE PERSONS ENTITLED TO THE FUND S; 14 | |
357 | 339 | ||
358 | - | (III) IF MORE THAN ONE COTENANT PA YS THE ENTIRE PRICE | |
359 | - | FOR THE REMAINING IN TEREST, THE COURT SHALL : | |
340 | + | (II) IF NO ELECTING COTENA NT PAYS THE COTENANT ’S 15 | |
341 | + | APPORTIONED PRICE ON TIME, THE COURT SHALL RESO LVE THE PARTITION AC TION 16 | |
342 | + | UNDER § 14–707(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE 17 | |
343 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE WERE NOT PURCHASE D; OR 18 | |
360 | 344 | ||
361 | - | 1. REAPPORTION THE REMAI NING INTEREST AMONG | |
362 | - | THOSE PAYING COTENAN TS, BASED ON EACH PAYING COTENANT’S ORIGINAL | |
363 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL ORIGINAL LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
345 | + | (III) IF ONE OR MORE BUT NO T ALL OF THE ELECTIN G 19 | |
346 | + | COTENANTS FAIL TO PA Y THEIR APPORTIONED PRICE ON TIME , THE COURT, ON 20 | |
347 | + | MOTION, SHALL GIVE NOTICE OF THE INTEREST REMAINI NG AND THE PRICE FOR 21 | |
348 | + | THAT INTEREST TO THE ELECTING COTENANTS T HAT PAID THEIR APPOR TIONED 22 | |
349 | + | PRICE. 23 | |
364 | 350 | ||
365 | - | – 9 – | |
366 | - | FRACTIONAL OWNERSHIP OF ALL COTENANTS THA T PAID THE ENTIRE PR ICE FOR | |
367 | - | THE REMAINING INTERE ST; AND | |
351 | + | (F) (1) NOT LATER THAN 20 DAYS AFTER THE COURT GIVES NOTICE 24 | |
352 | + | UNDER SUBSECTION (E)(2)(III) OF THIS SECTION , ANY COTENANT THAT PA ID THE 25 | |
353 | + | COTENANT’S APPORTIONED PRICE MAY ELECT TO PURCHASE ALL OF THE 26 | |
354 | + | REMAINING INTEREST B Y PAYING THE ENTIRE PRICE INTO THE COURT . 27 | |
368 | 355 | ||
369 | - | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING ALL OF | |
370 | - | THE COTENANTS ’ INTERESTS, DISBURSE THE AMOUNTS HELD BY THE COURT TO THE | |
371 | - | PERSONS ENTITLED TO THEM, AND REFUND ANY EXCES S PAYMENT HELD BY TH E | |
372 | - | COURT. | |
356 | + | (2) AFTER THE 20–DAY PERIOD DESCRIBED IN PARAGRAPH (1) OF 28 | |
357 | + | THIS SUBSECTION , THE FOLLOWING RULES APPLY: 29 | |
373 | 358 | ||
374 | - | (G) NOT LATER THAN 45 DAYS AFTER THE COURT SENDS NOTICE TO THE | |
375 | - | PARTIES UNDER SUBSEC TION (A) OF THIS SECTION , ANY COTENANT ENTITLE D TO | |
376 | - | BUY AN INTEREST UNDE R THIS SECTION MAY R EQUEST THE COURT TO AUTHORIZE | |
377 | - | THE SALE AS PART OF THE PENDING ACTION O F THE INTERESTS OF C OTENANTS | |
378 | - | NAMED AS DEFENDANTS AND SERVED WITH THE COMPLAINT BUT THAT D ID NOT | |
379 | - | APPEAR IN THE ACTION . | |
359 | + | (I) IF ONLY ONE COTENANT PAYS THE ENTIRE PRIC E FOR THE 30 | |
360 | + | REMAINING INTEREST , THE COURT SHALL : 31 | |
380 | 361 | ||
381 | - | (H) IF THE COURT RECEIVES A TIMELY REQUEST UND ER SUBSECTION (G) OF | |
382 | - | THIS SECTION, THE COURT , AFTER A HEARING , MAY DENY THE REQUEST OR | |
383 | - | AUTHORIZE THE REQUES TED ADDITIONAL SALE ON TERMS THE COURT D ETERMINES | |
384 | - | ARE FAIR AND REASONA BLE, SUBJECT TO THE FOLLO WING LIMITATIONS : | |
362 | + | 1. ISSUE AN ORDER REALLO CATING THE REMAINING 32 | |
363 | + | INTEREST TO THAT COT ENANT; AND 33 | |
364 | + | SENATE BILL 92 9 | |
385 | 365 | ||
386 | - | (1) A SALE AUTHORIZED UNDE R THIS SUBSECTION MA Y OCCUR ONLY | |
387 | - | AFTER THE PURCHASE PRICES FOR ALL INTER ESTS SUBJECT TO SALE UNDER | |
388 | - | SUBSECTIONS (A) THROUGH (F) OF THIS SECTION HAVE BEEN PAID INTO COURT AND | |
389 | - | THOSE INTERESTS HAVE BEEN REALLOCATED AMO NG THE COTENANTS AS | |
390 | - | PROVIDED IN SUBSECTI ONS (A) THROUGH (F) OF THIS SECTION; AND | |
391 | 366 | ||
392 | - | | |
393 | - | ||
394 | - | ||
367 | + | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING THE 1 | |
368 | + | INTERESTS OF ALL OF THE COTENANTS AND DI SBURSE THE AMOUNTS H ELD BY THE 2 | |
369 | + | COURT TO THE PERSO NS ENTITLED TO THEM ; 3 | |
395 | 370 | ||
396 | - | 14–707. | |
371 | + | (II) IF NO COTENANT PAYS T HE ENTIRE PRICE FOR THE 4 | |
372 | + | REMAINING INTEREST , THE COURT SHALL RESO LVE THE PARTITION AC TION UNDER 5 | |
373 | + | § 14–707(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE COTENANTS 6 | |
374 | + | THAT REQUESTED PARTI TION BY SALE WE RE NOT PURCHASED ; AND 7 | |
397 | 375 | ||
398 | - | (A) (1) IF UNDER § 14–706 OF THIS SUBTITLE ALL THE INTERESTS OF ALL | |
399 | - | COTENANTS THAT REQUE STED PARTITION BY SALE ARE NOT PURCHAS ED BY OTHER | |
400 | - | COTENANTS, OR IF AFTER THE CONC LUSION OF THE BUYOUT A COTENANT REMAINS | |
401 | - | THAT HAS REQUESTED P ARTITION IN KIND, THE COURT SHALL ORDE R PARTITION IN | |
402 | - | KIND UNLESS THE COUR T, AFTER CONSIDERATION OF THE FACTORS LISTE D IN § | |
403 | - | 14–708 OF THIS SUBTITLE, FINDS THAT PARTITION IN KIND WILL RESULT IN GREAT | |
404 | - | PREJUDICE TO THE COT ENANTS AS A GROUP . | |
376 | + | (III) IF MORE THAN ONE COTE NANT PAYS THE ENTIRE PRICE 8 | |
377 | + | FOR THE REMAINING IN TEREST, THE COURT SHALL : 9 | |
405 | 378 | ||
406 | - | (2) IN CONSIDERING WHETHE R TO ORDER PARTITION IN KIND, THE | |
407 | - | COURT SHALL APPROVE A REQUEST BY TWO OR MORE PARTIES TO HAVE THEIR | |
408 | - | INDIVIDUAL INTERESTS AGGREGATED . | |
409 | - | Ch. 402 2022 LAWS OF MARYLAND | |
379 | + | 1. REAPPORTION THE REMAI NING INTEREST AMONG 10 | |
380 | + | THOSE PAYING COTENAN TS, BASED ON EACH PAYING COTENANT’S ORIGINAL 11 | |
381 | + | FRACTIONAL OWNERSHIP OF THE ENT IRE PARCEL DIVIDED B Y THE TOTAL ORIGINAL 12 | |
382 | + | FRACTIONAL OWNERSHIP OF ALL COTENANTS THA T PAID THE ENTIRE PR ICE FOR 13 | |
383 | + | THE REMAINING INTERE ST; AND 14 | |
410 | 384 | ||
411 | - | – 10 – | |
412 | - | (B) IF THE COURT DOES NOT ORDER PARTITION IN K IND UNDER | |
413 | - | SUBSECTION (A) OF THIS SECTION , THE COURT SHALL ORDE R PARTITION BY SALE | |
414 | - | UNDER § 14–709 OF THIS SUBTITLE OR , IF NO COTENANT REQUE STED PARTITION BY | |
415 | - | SALE, THE COURT SHALL DISM ISS THE ACTION. | |
385 | + | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING ALL OF 15 | |
386 | + | THE COTENANTS ’ INTERESTS, DISBURSE THE AMOUNTS HELD BY THE COURT TO THE 16 | |
387 | + | PERSONS ENTITLED TO THEM, AND REFUND ANY EXCES S PAYMENT HELD BY TH E 17 | |
388 | + | COURT. 18 | |
416 | 389 | ||
417 | - | ( | |
418 | - | ||
419 | - | ||
420 | - | ||
421 | - | ||
422 | - | IN | |
390 | + | (G) NOT LATER THAN 45 DAYS AFTER THE COURT SENDS NOTICE TO THE 19 | |
391 | + | PARTIES UNDER SUBSEC TION (A) OF THIS SECTION , ANY COTENANT ENTITLE D TO 20 | |
392 | + | BUY AN INTEREST UND ER THIS SECTION MAY REQUEST THE COURT TO AUTHORIZE 21 | |
393 | + | THE SALE AS PART OF THE PENDING ACTION O F THE INTERESTS OF C OTENANTS 22 | |
394 | + | NAMED AS DEFENDANTS AND SERVED WITH THE COMPLAINT BUT THAT D ID NOT 23 | |
395 | + | APPEAR IN THE ACTION . 24 | |
423 | 396 | ||
424 | - | (D) IF THE COURT ORDERS P ARTITION IN KIND , THE COURT SHALL | |
425 | - | ALLOCATE TO THE COTE NANTS THAT ARE UNKNO WN, UNLOCATABLE , OR THE | |
426 | - | SUBJECT OF A DEFAULT JUDGMENT, IF THEIR INTERESTS W ERE NOT BOUGHT OUT | |
427 | - | UNDER § 14–706 OF THIS SUBTITLE, A PART OF THE PROPER TY REPRESENTING THE | |
428 | - | COMBINED INTERESTS O F THESE COTENANTS AS DETERMINED BY THE CO URT AND | |
429 | - | THIS PART OF THE PRO PERTY SHALL REMAIN U NDIVIDED. | |
397 | + | (H) IF THE COURT RECEIVES A TIMELY REQUEST UN DER SUBSECTION (G) OF 25 | |
398 | + | THIS SECTION, THE COURT , AFTER A HEARING , MAY DENY THE REQUEST OR 26 | |
399 | + | AUTHORIZE THE REQUES TED ADDITIONAL SALE ON TERMS THE COURT D ETERMINES 27 | |
400 | + | ARE FAIR AND REASONA BLE, SUBJECT TO THE FOLLO WING LIMITATIONS : 28 | |
430 | 401 | ||
431 | - | 14–708. | |
402 | + | (1) A SALE AUTHORIZED UNDE R THIS SUBSECTION MAY OCCUR ONLY 29 | |
403 | + | AFTER THE PURCHASE P RICES FOR ALL INTERE STS SUBJECT TO SALE UNDER 30 | |
404 | + | SUBSECTIONS (A) THROUGH (F) OF THIS SECTION HAVE BEEN PAID INTO COURT AND 31 | |
405 | + | THOSE INTERESTS HAVE BEEN REALLOCATED AMO NG THE COTENANTS AS 32 | |
406 | + | PROVIDED IN SUBSECTI ONS (A) THROUGH (F) OF THIS SECTION; AND 33 | |
432 | 407 | ||
433 | - | ( | |
434 | - | ||
435 | - | ||
408 | + | (2) THE PURCHASE PRICE FO R THE INTEREST OF A NONAPPEARING 34 | |
409 | + | COTENANT IS BASED ON THE COURT’S DETERMINATION OF V ALUE UNDER § 14–705 35 | |
410 | + | OF THIS SUBTITLE. 36 10 SENATE BILL 92 | |
436 | 411 | ||
437 | - | (1) WHETHER THE HEIRS PRO PERTY PRACTICABLY CA N BE DIVIDED | |
438 | - | AMONG THE COTENANTS ; | |
439 | 412 | ||
440 | - | (2) WHETHER PARTITION IN KIND WOULD APPORTION THE | |
441 | - | PROPERTY IN SUCH A W AY THAT THE AGGREGAT E FAIR MARKET VALUE OF THE | |
442 | - | PARCELS RESULTING FR OM THE DIVISION WOUL D BE MATERIALLY LESS THAN THE | |
443 | - | VALUE OF THE PROPERT Y IF IT WERE SOLD AS A WHOLE, TAKING INTO ACCOUNT THE | |
444 | - | CONDITION UNDER WHIC H A COURT–ORDERED SALE LIKELY WOULD OCCUR ; | |
445 | 413 | ||
446 | - | (3) EVIDENCE OF THE COLLE CTIVE DURATION OF OW NERSHIP OR | |
447 | - | POSSESSION OF THE PR OPERTY BY A COTENANT AND ONE OR MORE PRED ECESSORS | |
448 | - | IN TITLE OR PREDECES SORS IN POSSESSION TO THE CO TENANT WHO ARE OR WE RE | |
449 | - | RELATIVES OF THE COT ENANT OR EACH OTHER ; | |
414 | + | 14–707. 1 | |
450 | 415 | ||
451 | - | (4) THE SENTIMENTAL ATTAC HMENT OF A COTENANT TO THE | |
452 | - | PROPERTY, INCLUDING ANY ATTACH MENT ARISING BECAUSE THE PROPERTY HAS | |
453 | - | ANCESTRAL OR OTHER U NIQUE OR SPECIAL VAL UE TO THE COTENANT; | |
454 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
416 | + | (A) (1) IF UNDER § 14–706 OF THIS SUBTITLE ALL THE INTERESTS OF ALL 2 | |
417 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE ARE NOT PURCHASED BY OTHER 3 | |
418 | + | COTENANTS, OR IF AFTER THE CONC LUSION OF THE BUYOUT A COTENANT REMAINS 4 | |
419 | + | THAT HAS REQUESTED P ARTITION IN KIND, THE COURT SHALL ORDE R PARTITION IN 5 | |
420 | + | KIND UNLESS THE COUR T, AFTER CONSI DERATION OF THE FACT ORS LISTED IN § 6 | |
421 | + | 14–708 OF THIS SUBTITLE , FINDS THAT PARTITION IN KIND WILL RESULT IN GREAT 7 | |
422 | + | PREJUDICE TO THE COT ENANTS AS A GROUP . 8 | |
455 | 423 | ||
456 | - | – 11 – | |
457 | - | (5) THE LAWFUL USE BEING MADE OF THE PROPERTY BY A COTENANT | |
458 | - | AND THE DEGREE TO WH ICH THE COTENANT WOU LD BE HARMED IF THE COTENANT | |
459 | - | COULD NOT CONTINUE T HE SAME USE OF THE P ROPERTY; | |
424 | + | (2) IN CONSIDERING WHETHE R TO ORDER PARTITION IN KIND, THE 9 | |
425 | + | COURT SHALL APPROVE A REQUEST BY TWO OR MORE PARTIES TO HAVE TH EIR 10 | |
426 | + | INDIVIDUAL INTERESTS AGGREGATED . 11 | |
460 | 427 | ||
461 | - | (6) THE DEGREE TO WHICH T HE COTENANTS HAVE CO NTRIBUTED | |
462 | - | THEIR PRO RATA SHARE OF TH E PROPERTY TAXES , INSURANCE, AND OTHER | |
463 | - | EXPENSES ASSOCIATED WITH MAINTAINING OWN ERSHIP OF THE PROPER TY OR | |
464 | - | HAVE CONTRIBUTED TO THE PHYSICAL IMPROVE MENT, MAINTENANCE , OR UPKEEP | |
465 | - | OF THE PROPERTY ; AND | |
428 | + | (B) IF THE COURT DOES NOT ORDER PARTITION IN K IND UNDER 12 | |
429 | + | SUBSECTION (A) OF THIS SECTION , THE COURT SHALL ORDE R PARTITION BY SALE 13 | |
430 | + | UNDER § 14–709 OF THIS SUBTITLE OR , IF NO COTENANT REQUE STED PARTITION BY 14 | |
431 | + | SALE, THE COURT SHALL DISM ISS THE ACTION. 15 | |
466 | 432 | ||
467 | - | (7) ANY OTHER RELEVANT FA CTOR. | |
433 | + | (C) IF THE COURT ORDERS P ARTITION IN KIND IN ACCORDANCE WITH 16 | |
434 | + | SUBSECTION (A) OF THIS SECTION , THE COURT MAY REQUIR E THAT ONE OR MORE 17 | |
435 | + | COTENANTS PAY ONE OR MORE OTHER COTENANTS AMOUNTS SO THAT THE 18 | |
436 | + | PAYMENTS, TAKEN TOGETHER WITH THE VALUE OF THE IN –KIND DISTRIBUTIONS T O 19 | |
437 | + | THE COTENANTS , WILL MAKE THE PARTIT ION IN KIND JUST AND PROPORTIONATE 20 | |
438 | + | IN VALUE TO THE FRAC TIONAL INTERESTS HEL D. 21 | |
468 | 439 | ||
469 | - | (B) THE COURT MAY NOT CON SIDER ANY ONE FACTOR IN SUBSECTION (A) | |
470 | - | OF THIS SECTION TO B E DISPOSITIVE WITHOU T WEIGHING THE TOTAL ITY OF ALL | |
471 | - | RELEVANT FACTORS AND CIRCUMSTANCES . | |
440 | + | (D) IF THE COURT ORDERS P ARTITION IN KIND , THE COURT SHALL 22 | |
441 | + | ALLOCATE T O THE COTENANTS THAT ARE UNKNOWN , UNLOCATABLE , OR THE 23 | |
442 | + | SUBJECT OF A DEFAULT JUDGMENT, IF THEIR INTERESTS W ERE NOT BOUGHT OUT 24 | |
443 | + | UNDER § 14–706 OF THIS SUBTITLE, A PART OF THE PROPER TY REPRESENTING THE 25 | |
444 | + | COMBINED INTERESTS O F THESE COTENANTS AS DETERMINED BY THE COURT AND 26 | |
445 | + | THIS PART OF THE PRO PERTY SHALL REMAIN U NDIVIDED. 27 | |
472 | 446 | ||
473 | - | 14– | |
447 | + | 14–708. 28 | |
474 | 448 | ||
475 | - | (A) IF THE COURT ORDERS A SALE OF HEIRS PROPER TY, THE SALE SHALL | |
476 | - | BE AN OPEN–MARKET SALE UNLESS T HE COURT FINDS THAT A SALE BY SEALED BID S | |
477 | - | OR AN AUCTION WOULD BE MORE ECONOMICALLY ADVANTAGEOUS AND IN THE BEST | |
478 | - | INTEREST OF THE COTE NANTS AS A GROUP . | |
449 | + | (A) IN DETERMINING WHETHE R PARTITION IN KIND UNDER § 14–707(A) OF 29 | |
450 | + | THIS SUBTITLE WOULD RESULT IN GREAT PREJ UDICE TO THE COTENAN TS AS A 30 | |
451 | + | GROUP, THE COURT SHALL CONS IDER THE FOLLOWING : 31 | |
479 | 452 | ||
480 | - | (B) (1) IF THE COURT ORDERS A N OPEN–MARKET SALE AND THE | |
481 | - | PARTIES, NOT LATER THAN 10 DAYS AFTER THE ENTRY OF THE ORDER , AGREE ON A | |
482 | - | REAL ESTATE BROKER L ICENSED IN THE STATE TO OFFER THE PR OPERTY FOR SALE , | |
483 | - | THE COURT SHALL APPO INT THE BROKER AND E STABLISH A REASONABL E | |
484 | - | COMMISSION. | |
453 | + | (1) WHETHER THE HEIRS PRO PERTY PRACTICABLY CA N BE DIVIDED 32 | |
454 | + | AMONG THE COTENANTS ; 33 | |
455 | + | SENATE BILL 92 11 | |
485 | 456 | ||
486 | - | (2) IF THE PARTIES DO NOT AGREE ON A BROKER , THE COURT SHALL | |
487 | - | APPOINT A DISINTERES TED REAL ESTATE BROK ER LICENSED IN THE STATE TO | |
488 | - | OFFER THE PROPERTY F OR SALE AND SHALL ES TABLISH A REASONABLE | |
489 | - | COMMISSION. | |
490 | 457 | ||
491 | - | (3) A BROKER APPOINTED UND ER THIS SUBSECTION S HALL OFFER | |
492 | - | THE PROPERTY FOR SAL E IN A COMMERCIALLY REASONAB LE MANNER AT A PRICE | |
493 | - | NOT LOWER THAN THE D ETERMINATION OF VALU E AND ON THE TERMS A ND | |
494 | - | CONDITIONS ESTABLISH ED BY THE COURT . | |
458 | + | (2) WHETHER PARTITION IN KIND WOULD APPORTION THE 1 | |
459 | + | PROPERTY IN SUCH A W AY THAT THE AGGREGAT E FAIR MARKET VALUE OF THE 2 | |
460 | + | PARCELS RESULTING FR OM THE DIVISION WOUL D BE MATERIALLY L ESS THAN THE 3 | |
461 | + | VALUE OF THE PROPERT Y IF IT WERE SOLD AS A WHOLE, TAKING INTO ACCOUNT THE 4 | |
462 | + | CONDITION UNDER WHIC H A COURT–ORDERED SALE LIKELY WOULD OCCUR ; 5 | |
495 | 463 | ||
496 | - | ( | |
497 | - | ||
498 | - | ||
499 | - | ||
464 | + | (3) EVIDENCE OF THE COLLE CTIVE DURATION OF OW NERSHIP OR 6 | |
465 | + | POSSESSION OF THE PR OPERTY BY A COTENANT AND ONE OR MORE PREDECES SORS 7 | |
466 | + | IN TITLE OR PREDECES SORS IN POSSESSION T O THE COTENANT WHO A RE OR WERE 8 | |
467 | + | RELATIVES OF THE COT ENANT OR EACH OTHER ; 9 | |
500 | 468 | ||
501 | - | ||
502 | - | ||
503 | - | ||
469 | + | (4) THE SENTIMENTAL ATTAC HMENT OF A COTENANT TO THE 10 | |
470 | + | PROPERTY, INCLUDING ANY ATTACH MENT ARISING BECAUSE THE PROPERTY HAS 11 | |
471 | + | ANCESTRAL OR OTHER U NIQUE OR SPECIAL VAL UE TO THE COTENANT ; 12 | |
504 | 472 | ||
505 | - | (2) THE SALE MAY BE COMPL ETED IN ACCORDANCE W ITH STATE LAW | |
506 | - | OTHER THAN THIS SUBT ITLE. | |
473 | + | (5) THE LAWFUL USE BEING MADE OF THE PROPERTY BY A COTENANT 13 | |
474 | + | AND THE DEGREE TO WH ICH THE COTENANT WOU LD BE HARMED IF THE COTENANT 14 | |
475 | + | COULD NOT CONTINUE T HE SAME USE OF THE P ROPERTY; 15 | |
507 | 476 | ||
508 | - | (D) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION | |
509 | - | DOES NOT OBTAIN WITH IN A REASONABLE TIME AN OFFER TO PURCHASE THE | |
510 | - | PROPERTY FOR AT LEAS T THE DETERMINATION OF VALUE, THE COURT, AFTER | |
511 | - | HEARING, MAY: | |
477 | + | (6) THE DEGREE TO WHICH THE COTENANTS HAVE CONTR IBUTED 16 | |
478 | + | THEIR PRO RATA SHARE OF THE PROPERTY TAXE S, INSURANCE, AND OTHER 17 | |
479 | + | EXPENSES ASSOCIATED WITH MAINTAINING OWN ERSHIP OF THE PROPER TY OR 18 | |
480 | + | HAVE CONTRIBUTED TO THE PHYSICAL IMPROVE MENT, MAINTENANCE , OR UPKEEP 19 | |
481 | + | OF THE PROPERTY; AND 20 | |
512 | 482 | ||
513 | - | ( | |
483 | + | (7) ANY OTHER RELEVANT FA CTOR. 21 | |
514 | 484 | ||
515 | - | (2) REDETERMINE THE VALUE OF THE PRO PERTY AND ORDER THAT | |
516 | - | THE PROPERTY CONTINU E TO BE OFFERED FOR AN ADDITIONAL TIME ; OR | |
485 | + | (B) THE COURT MAY NOT CON SIDER ANY ONE FACTOR IN SUBSECTION (A) 22 | |
486 | + | OF THIS SECTION TO B E DISPOSITIVE WITHOU T WEIGHING THE TOTAL ITY OF ALL 23 | |
487 | + | RELEVANT FACTORS AND CIRCUMSTANCES . 24 | |
517 | 488 | ||
518 | - | (3) ORDER THAT THE PROPER TY BE SOLD BY SEALED BIDS OR AT AN | |
519 | - | AUCTION. | |
489 | + | 14–709. 25 | |
520 | 490 | ||
521 | - | (E) (1) IF THE COURT ORDERS A SALE BY SEALED BIDS OR AN AUCTION , | |
522 | - | THE COURT S HALL SET TERMS AND C ONDITIONS OF THE SAL E. | |
491 | + | (A) IF THE COURT ORDERS A SALE OF HEIRS PROPER TY, THE SALE SHALL 26 | |
492 | + | BE AN OPEN–MARKET SALE UNLESS T HE COURT FINDS THAT A SALE BY SEALED BID S 27 | |
493 | + | OR AN AUCTION WOULD BE MORE ECONOMICALLY ADVANTAGEOUS AND IN THE BEST 28 | |
494 | + | INTEREST OF THE COTE NANTS AS A GROUP . 29 | |
523 | 495 | ||
524 | - | (2) IF THE COURT ORDERS A N AUCTION, THE AUCTION SHALL BE | |
525 | - | CONDUCTED UNDER § 14–107 OF THIS TITLE. | |
496 | + | (B) (1) IF THE COURT ORDERS A N OPEN–MARKET SALE AND THE 30 | |
497 | + | PARTIES, NOT LATER THAN 10 DAYS AFTER THE ENTRY OF THE ORDER , AGREE ON A 31 | |
498 | + | REAL ESTATE BROKER L ICENSED IN THE STATE TO OFFER THE PR OPERTY FOR SALE , 32 | |
499 | + | THE COURT SHALL APPO INT THE BROKER AND E STABLISH A REASONABL E 33 | |
500 | + | COMMISSION. 34 | |
501 | + | 12 SENATE BILL 92 | |
526 | 502 | ||
527 | - | (F) IF A PURCHASER IS ENT ITLED TO A SHARE OF THE PROCEEDS OF THE | |
528 | - | SALE, THE PURCHASER IS ALS O ENTITLED TO A CREDIT AGAINST THE P RICE IN AN | |
529 | - | AMOUNT EQUAL TO THE PURCHASER ’S SHARE OF THE PROCE EDS. | |
530 | 503 | ||
531 | - | 14–710. | |
504 | + | (2) IF THE PARTIES DO NOT AGR EE ON A BROKER , THE COURT SHALL 1 | |
505 | + | APPOINT A DISINTERES TED REAL ESTATE BROK ER LICENSED IN THE STATE TO 2 | |
506 | + | OFFER THE PROPERTY F OR SALE AND SHALL ES TABLISH A REASONABLE 3 | |
507 | + | COMMISSION. 4 | |
532 | 508 | ||
533 | - | (A) UNLESS REQUIRED TO DO SO WITHIN A SHORTER PERIOD OF TIME | |
534 | - | UNDER § 14–107 OF THIS TITLE, A BROKER APPOINTED U NDER § 14–709(B) OF THIS | |
535 | - | SUBTITLE TO OFFER HE IRS PROPERTY FOR OPEN –MARKET SALE SHALL FI LE A | |
536 | - | REPORT WITH THE COUR T NOT LATER THAN 7 DAYS AFTER RECEIVING AN OFFER TO | |
537 | - | PURCHASE THE PROPERT Y FOR AT LEAST THE V ALUE DETERMINED UNDE R § 14–705 | |
538 | - | OR § 14–709 OF THIS SUBTITLE. | |
509 | + | (3) A BROKER APPOINTED UND ER THIS SUBSECTION S HALL OFFER 5 | |
510 | + | THE PROPERTY FOR SALE IN A COMMERCIALLY RE ASONABLE MANNER AT A PRICE 6 | |
511 | + | NOT LOWER THAN THE D ETERMINATION OF VALU E AND ON THE TERMS A ND 7 | |
512 | + | CONDITIONS ESTABLISH ED BY THE COURT . 8 | |
539 | 513 | ||
540 | - | (B) A REPORT REQUIRED UNDE R SUBSECTION (A) OF THIS SECTION SHAL L | |
541 | - | CONTAIN THE FOLLOWIN G INFORMATION : | |
514 | + | (C) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION 9 | |
515 | + | OBTAINS WITHIN A REA SONABLE TIME AN OFFER TO PURCHASE THE PROP ERTY FOR 10 | |
516 | + | AT LEAST THE DETERMI NATION OF VALUE : 11 | |
542 | 517 | ||
543 | - | (1) | |
544 | - | ||
518 | + | (1) THE BROKER SHALL COMP LY WITH THE REPORTIN G 12 | |
519 | + | REQUIREMENTS IN § 14–710 OF THIS SUBTITLE ; AND 13 | |
545 | 520 | ||
546 | - | ||
547 | - | ||
521 | + | (2) THE SALE MAY BE COMPL ETED IN ACCORDANCE W ITH STATE LAW 14 | |
522 | + | OTHER THAN THIS SUBTITLE. 15 | |
548 | 523 | ||
549 | - | (3) THE PROPOSED PURCHASE PRICE; | |
524 | + | (D) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION 16 | |
525 | + | DOES NOT OBTAIN WITH IN A REASONABLE TIME AN OFFER TO PURCHASE THE 17 | |
526 | + | PROPERTY FOR AT LEAS T THE DETERMINATION OF VALUE, THE COURT, AFTER 18 | |
527 | + | HEARING, MAY: 19 | |
550 | 528 | ||
551 | - | (4) THE TERMS AND CONDITI ONS OF THE PROPOSED SALE, | |
552 | - | INCLUDING THE TERMS OF ANY OWNER FINANCI NG; | |
529 | + | (1) APPROVE THE HIGHEST OUTSTANDING OFFER , IF ANY; 20 | |
553 | 530 | ||
554 | - | (5) THE AMOUNTS TO BE PAI D TO LIENHOLDERS ; | |
531 | + | (2) REDETERMINE THE VALUE OF THE PROPERTY AND ORDER THAT 21 | |
532 | + | THE PROPERTY CONTINU E TO BE OFFERED FOR AN ADDITIONAL TIME ; OR 22 | |
555 | 533 | ||
556 | - | ( | |
557 | - | ||
534 | + | (3) ORDER THAT THE PROPER TY BE SOLD BY SEALED BIDS OR AT AN 23 | |
535 | + | AUCTION. 24 | |
558 | 536 | ||
559 | - | (7) OTHER MATERIAL FACTS RELEVANT TO THE SALE . | |
537 | + | (E) (1) IF THE COURT ORDERS A SALE BY SEALED BIDS OR AN AUCTION , 25 | |
538 | + | THE COURT SHALL SET TERMS AND CONDITIONS OF THE SALE. 26 | |
560 | 539 | ||
561 | - | 14–711. | |
540 | + | (2) IF THE COURT ORDERS A N AUCTION, THE AUCTION SHALL BE 27 | |
541 | + | CONDUCTED UNDER § 14–107 OF THIS TITLE. 28 | |
562 | 542 | ||
563 | - | IN APPLYING AND CONSTRU ING THIS SUBTITLE , WHICH IS A UNIFORM A CT, | |
564 | - | CONSIDERATION SHALL BE GIVEN TO THE NEED TO PROMOTE UNIFORMIT Y OF THE | |
565 | - | LAW WITH RESPECT TO THE SUBJECT MATTER O F THE LAW AMONG THE STATES | |
566 | - | THAT ENACT IT. | |
543 | + | (F) IF A PURCHASER IS ENT ITLED TO A SHARE OF THE PROCEEDS OF THE 29 | |
544 | + | SALE, THE PURCHASER IS ALS O ENTITLED TO A CRED IT AGAINST THE PRICE IN AN 30 | |
545 | + | AMOUNT EQUAL TO THE PURCHASER ’S SHARE OF THE PROCE EDS. 31 | |
567 | 546 | ||
568 | - | 14– | |
547 | + | 14–710. 32 SENATE BILL 92 13 | |
569 | 548 | ||
570 | - | THIS SUBTITLE MODIFIE S, LIMITS, AND SUPERSEDES THE ELECTRONIC | |
571 | - | SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT, 15 U.S.C. § 7001 ET SEQ., | |
572 | - | BUT DOES NOT MODIFY , LIMIT, OR SUPERSEDE § 101(C) OF THAT ACT, 15 U.S.C. § | |
573 | - | 7001(C), OR AUTHORIZE ELECTRO NIC DELIVERY OF ANY OF THE NOTICES | |
574 | - | DESCRIBED IN § 103(B) OF THAT ACT, 15 U.S.C. § 7003(B). | |
575 | 549 | ||
576 | - | 14–713. | |
577 | 550 | ||
578 | - | THIS SUBTITLE MAY BE CITED AS THE MARYLAND UNIFORM PARTITION OF | |
579 | - | HEIRS PROPERTY ACT. | |
551 | + | (A) UNLESS REQUIRED TO DO SO WITHIN A SHORTER PERIOD OF TIME 1 | |
552 | + | UNDER § 14–107 OF THIS TITLE, A BROKER APPOINTED U NDER § 14–709(B) OF THIS 2 | |
553 | + | SUBTITLE TO OFFER HE IRS PROPERTY FOR OPE N–MARKET SALE SHALL FI LE A 3 | |
554 | + | REPORT WITH THE COUR T NOT LATER THAN 7 DAYS AFTER RECEIVING AN OFFER TO 4 | |
555 | + | PURCHASE THE PROPERT Y FOR AT LEAST THE V ALUE DETERMINED UNDE R § 14–705 5 | |
556 | + | OR § 14–709 OF THIS SUBTITLE. 6 | |
580 | 557 | ||
581 | - | Article – Real Property | |
558 | + | (B) A REPORT REQUIRED UNDE R SUBSECTION (A) OF THIS SECTION SHAL L 7 | |
559 | + | CONTAIN THE FOLLOWIN G INFORMATION : 8 | |
582 | 560 | ||
583 | - | ||
561 | + | (1) A DESCRIPTION OF THE P ROPERTY TO BE SOLD T O EACH BUYER; 9 | |
584 | 562 | ||
585 | - | (a) A circuit court may decree a partition of any property, either legal or equitable, | |
586 | - | on the bill or petition of any joint tenant, tenant in common, parcener, or concurrent owner, | |
587 | - | whether claiming by descent or purchase. If it appears that the property cannot be divided | |
588 | - | without loss or injury to the parties interested, the court may decree its sale and divide the | |
589 | - | money resulting from the sale among the parties according to their respective rights. The | |
590 | - | right to a partition or sale includes the right to a partition or sale of any separate lot or | |
591 | - | tract of property, and the bill or petition need not pray for a partition of all the lots or tracts. Ch. 402 2022 LAWS OF MARYLAND | |
563 | + | (2) THE NAME OF EACH BUYE R; 10 | |
592 | 564 | ||
593 | - | ||
565 | + | (3) THE PROPOSED PURCHASE PRICE; 11 | |
594 | 566 | ||
595 | - | ( | |
596 | - | ||
567 | + | (4) THE TERMS AND CONDITIONS OF THE PROPOSED SALE , 12 | |
568 | + | INCLUDING THE TERMS OF ANY OWNER FINANCI NG; 13 | |
597 | 569 | ||
598 | - | (c) A sale and deed made pursuant to an order of the court in the exercise of the | |
599 | - | power provided in this section is good and sufficient at law to transfer property of the | |
600 | - | person. A deed executed in exercise of the above power provided in this section shall be | |
601 | - | executed by the person the court appoints for the purpose. | |
570 | + | (5) THE AMOUNTS TO BE PAI D TO LIENHOLDERS ; 14 | |
602 | 571 | ||
603 | - | (d) If any bill or petition is filed under the provisions of this section for the sale of | |
604 | - | property, any person holding a mortgage, other encumbrance on the property, or an | |
605 | - | undivided interest in the property may be made a party to the bill, and the property shall | |
606 | - | be sold free and clear of the mortgage or other encumbrance. However, the rights of a lienor | |
607 | - | shall be protected in the distribution of the proceeds of the sale.] | |
572 | + | (6) A STATEMENT OF CONTRAC TUAL OR OTHER ARRANG EMENTS OR 15 | |
573 | + | CONDITIONS OF THE BR OKER’S COMMISSION; AND 16 | |
608 | 574 | ||
609 | - | ||
575 | + | (7) OTHER MATERIAL FACTS RELEVANT TO TH E SALE. 17 | |
610 | 576 | ||
611 | - | 14– | |
577 | + | 14–711. 18 | |
612 | 578 | ||
613 | - | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS | |
614 | - | INDICATED. | |
579 | + | IN APPLYING AND CONST RUING THIS SUBTITLE , WHICH IS A UNIFORM A CT, 19 | |
580 | + | CONSIDERATION SHALL BE GIVEN TO THE NEED TO PROMOTE UNIFORMIT Y OF THE 20 | |
581 | + | LAW WITH RESPECT TO THE SUBJECT MATTER O F THE LAW AMONG THE STATES 21 | |
582 | + | THAT ENACT IT. 22 | |
615 | 583 | ||
616 | - | (B) “DETERMINATION OF VALU E” MEANS A COURT ORDER DETERMINING | |
617 | - | THE FAIR MARKET VALU E OF PROPERTY UNDER § 14–707 OR § 14–711 OF THIS | |
618 | - | SUBTITLE OR ADOPTING THE VALUATION OF PRO PERTY AGREED TO BY ALL | |
619 | - | COTENANTS. | |
584 | + | 14–712. 23 | |
620 | 585 | ||
621 | - | (C) “PARTITION BY SALE ” MEANS A COURT –ORDERED SALE OF PROP ERTY, | |
622 | - | WHETHER BY AUCTION , SEALED BIDS, OR OPEN–MARKET SALE CONDUCTE D UNDER | |
623 | - | § 14–711 OF THIS SUBTITLE. | |
586 | + | THIS SUBTITLE MODIFIE S, LIMITS, AND SUPERSEDES THE ELECTRONIC 24 | |
587 | + | SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT, 15 U.S.C. § 7001 ET SEQ., 25 | |
588 | + | BUT DOES NOT MODIFY , LIMIT, OR SUPERSEDE § 101(C) OF THAT ACT, 15 U.S.C. § 26 | |
589 | + | 7001(C), OR AUTHORIZE ELECTRONIC DELIVERY OF ANY OF THE NOTICE S 27 | |
590 | + | DESCRIBED IN § 103(B) OF THAT ACT, 15 U.S.C. § 7003(B). 28 | |
624 | 591 | ||
625 | - | ||
626 | - | ||
592 | + | 14–713. 29 | |
593 | + | 14 SENATE BILL 92 | |
627 | 594 | ||
628 | - | (E) “RECORD” MEANS INFORMATION TH AT IS INSCRIBED ON A TANGIBLE | |
629 | - | MEDIUM OR THAT IS ST ORED IN AN ELECTRONI C OR OTHER MEDIUM AN D IS | |
630 | - | RETRIEVABLE IN PERCE IVABLE FORM. | |
631 | 595 | ||
632 | - | 14–702. | |
596 | + | THIS SUBTITLE MAY BE CITED AS THE MARYLAND UNIFORM PARTITION OF 1 | |
597 | + | HEIRS PROPERTY ACT. 2 | |
633 | 598 | ||
634 | - | (A) REAL PROPERTY SHALL B E PARTITIONED UNDER THIS SUBTITLE | |
635 | - | UNLESS ALL OF THE CO TENANTS AGREE OTHERW ISE IN A RECORD. | |
636 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
599 | + | Article – Real Property 3 | |
637 | 600 | ||
638 | - | – 15 – | |
639 | - | (B) THE MARYLAND RULES APPLY TO ACTION S UNDER THIS SUBTITL E, | |
640 | - | EXCEPT TO THE EXTENT THEY ARE INCONSISTEN T WITH THE PROVISION S OF THIS | |
641 | - | SUBTITLE. | |
601 | + | [14–107. 4 | |
642 | 602 | ||
643 | - | 14–703. | |
603 | + | (a) A circuit court may decree a partition of any property, either legal or equitable, 5 | |
604 | + | on the bill or petition of any joint tenant, tenant in common, parcener, or concurrent owner, 6 | |
605 | + | whether claiming by descent or purchase. If it appears that the property cannot be divided 7 | |
606 | + | without loss or injury to the parties interested, the court may decree its sale and divide the 8 | |
607 | + | money resulting from the sale among the parties according to their respective rights. The 9 | |
608 | + | right to a partition or sale includes the right to a partition or sale of any separate lot or 10 | |
609 | + | tract of property, and the bill or petition need not pray for a partition of all the lots or tracts. 11 | |
644 | 610 | ||
645 | - | | |
646 | - | ||
611 | + | (b) This section applies regardless of whether any party, plaintiff, or defendant is 12 | |
612 | + | a minor, disabled, or a nonresident. 13 | |
647 | 613 | ||
648 | - | ( | |
649 | - | ||
650 | - | ||
651 | - | ||
614 | + | (c) A sale and deed made pursuant to an order of the court in the exercise of the 14 | |
615 | + | power provided in this section is good and sufficient at law to transfer property of the 15 | |
616 | + | person. A deed executed in exercise of the above power provided in this section shall be 16 | |
617 | + | executed by the person the court appoints for the purpose. 17 | |
652 | 618 | ||
653 | - | (2) TO REQUIRE JOINDER OF ANY ADDITIONAL PARTI ES THAT ARE | |
654 | - | NECESSARY OR PROPER ; AND | |
619 | + | (d) If any bill or petition is filed under the provisions of this section for the sale of 18 | |
620 | + | property, any person holding a mortgage, other encumbrance on the property, or an 19 | |
621 | + | undivided interest in the property may be made a party to the bill, and the property shall 20 | |
622 | + | be sold free and clear of the mortgage or other encumbrance. However, the rights of a lienor 21 | |
623 | + | shall be protected in the distribution of the proceeds of the sale.] 22 | |
655 | 624 | ||
656 | - | ||
625 | + | SUBTITLE 7. PARTITION OF REAL PROPERTY. 23 | |
657 | 626 | ||
658 | - | (I) PROCURE A TITLE REPOR T SUPPORTED BY AN AF FIDAVIT | |
659 | - | BY THE PERSON MAKING THE TITLE SEARCH THA T A COMPLETE SEARCH OF THE | |
660 | - | PUBLIC RECORDS HAS B EEN PERFORMED IN ACC ORDANCE WITH GENERAL LY | |
661 | - | ACCEPTED STANDARDS O F TITLE EXAMINATION FOR THE APPROPRIATE PERIOD AS | |
662 | - | DETERMINED BY THE CO URT, BUT NOT LESS THAN 60 YEARS; AND | |
627 | + | 14–701. 24 | |
663 | 628 | ||
664 | - | ( | |
665 | - | ||
629 | + | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 25 | |
630 | + | INDICATED. 26 | |
666 | 631 | ||
667 | - | 14–704. | |
632 | + | (B) “DETERMINATION OF VALU E” MEANS A COURT ORDER DETERMINING 27 | |
633 | + | THE FAIR MARKET VALU E OF PROPERTY UNDER § 14–707 OR § 14–711 OF THIS 28 | |
634 | + | SUBTITLE OR ADOPTING THE VALUATION OF PRO PERTY AGREED TO BY A LL 29 | |
635 | + | COTENANTS. 30 | |
668 | 636 | ||
669 | - | IN ADDITION TO ANY PE RSONS REQUIRED TO BE NAMED AS DEFENDANTS IN | |
670 | - | AN ACTION UNDER THIS SUBTITLE, THE PLAINTIFF MAY NA ME AS DEFENDANTS ALL | |
671 | - | PERSONS UNKNO WN, CLAIMING ANY LEGAL O R EQUITABLE RIGHT , TITLE, ESTATE, | |
672 | - | LIEN, OR INTEREST IN THE P ROPERTY DESCRIBED IN THE COMPLAINT ADVERS E TO | |
673 | - | THE PLAINTIFF ’S TITLE, OR ANY CLOUD ON THE PLAINTIFF’S TITLE TO THE | |
674 | - | PROPERTY. | |
637 | + | (C) “PARTITION BY SALE ” MEANS A COURT –ORDERED SALE OF PROP ERTY, 31 | |
638 | + | WHETHER BY AU CTION, SEALED BIDS, OR OPEN–MARKET SALE CONDUCTE D UNDER 32 | |
639 | + | § 14–711 OF THIS SUBTITLE. 33 | |
640 | + | SENATE BILL 92 15 | |
675 | 641 | ||
676 | - | 14–705. | |
677 | 642 | ||
678 | - | (A) (1) IF, ON AFFIDAVIT OF THE PLAINTIFF, IT APPEARS TO THE | |
679 | - | SATISFACTION OF THE COURT THAT THE PLAIN TIFF HAS USED REASON ABLE | |
680 | - | DILIGENCE TO ASCERTA IN THE IDENTITY AND RESIDENCE OF AND TO SERVE A | |
681 | - | SUMMONS ON THE PERSO NS NAMED AS UNKNOWN DEFENDANTS AND PERSO NS | |
682 | - | JOINED AS TESTATE OR INTESTATE SUCCE SSORS OF A PERSON KN OWN OR BELIEVED Ch. 402 2022 LAWS OF MARYLAND | |
643 | + | (D) “PARTITION IN KIND ” MEANS THE DIVISION O F PROPERTY INTO 1 | |
644 | + | PHYSICALLY DISTINCT AND SEPARATELY TITLE D PARCELS. 2 | |
683 | 645 | ||
684 | - | – 16 – | |
685 | - | TO BE DEAD, THE COURT SHALL ORDE R SERVICE BY PUBLICA TION IN ACCORDANCE | |
686 | - | WITH RULE 2–122 OF THE MARYLAND RULES AND THE PROVISI ONS OF THIS | |
687 | - | SUBTITLE. | |
646 | + | (E) “RECORD” MEANS INFORMATION TH AT IS INSCRIBED ON A TANGIBLE 3 | |
647 | + | MEDIUM OR THAT IS ST ORED IN AN ELECTRONI C OR OTHER MEDIUM AN D IS 4 | |
648 | + | RETRIEVABLE IN PERCE IVABLE FORM. 5 | |
688 | 649 | ||
689 | - | (2) THE ORDER SHALL DIREC T THAT A COPY OF THE SUMMONS, THE | |
690 | - | COMPLAINT, AND THE ORDER FOR PUB LICATION BE MAILED I MMEDIATELY TO THE | |
691 | - | PARTY IF THE PARTY ’S ADDRESS IS ASCERTA INED BEFORE EXPIRATI ON OF THE TIME | |
692 | - | PRESCRIBED FOR PUBLI CATION OF THE SUMMON S. | |
650 | + | 14–702. 6 | |
693 | 651 | ||
694 | - | (B) THIS SECTION DOES NOT AUTHORIZE SERVICE BY PUBLICATION ON ANY | |
695 | - | PERSON NAMED AS AN UNKNOWN DEFEND ANT WHO IS IN OPEN A ND ACTUAL | |
696 | - | POSSESSION OF THE PR OPERTY. | |
652 | + | (A) REAL PROPERTY SHALL B E PARTITIONED UNDER THIS SUBTITLE 7 | |
653 | + | UNLESS ALL OF THE CO TENANTS AGREE OTHERW ISE IN A RECORD. 8 | |
697 | 654 | ||
698 | - | 14–706. | |
655 | + | (B) THE MARYLAND RULES APPLY TO ACTIONS UND ER THIS SUBTITLE , 9 | |
656 | + | EXCEPT TO THE EXTENT THEY ARE INCONSISTEN T WITH THE PROVISION S OF THIS 10 | |
657 | + | SUBTITLE. 11 | |
699 | 658 | ||
700 | - | (A) IF THE COURT ORDERS S ERVICE BY PUBLICATIO N, THE PLAINTIFF | |
701 | - | SHALL: | |
659 | + | 14–703. 12 | |
702 | 660 | ||
703 | - | (1) POST, NOT LATER THAN 10 DAYS AFTER THE DATE THE ORDER IS | |
704 | - | ISSUED, A COPY OF THE SUMMON S AND COMPLAINT IN A CONSP ICUOUS PLACE ON | |
705 | - | THE PROPERTY THAT IS THE SUBJECT OF THE A CTION; AND | |
661 | + | IN AN ACTION UNDER TH IS SUBTITLE, THE COURT ON ITS OWN MOTION OR ON 13 | |
662 | + | MOTION OF ANY PARTY MAY ISSUE AN ORDER : 14 | |
706 | 663 | ||
707 | - | (2) FILE PROOF THAT THE S UMMONS HAS BEEN SERV ED, POSTED, | |
708 | - | AND PUBLISHED AS REQ UIRED IN THE ORDER . | |
664 | + | (1) FOR THE AP POINTMENT OF AN ATTO RNEY TO PROTECT THE 15 | |
665 | + | INTEREST OF ANY PART Y TO THE SAME EXTENT AND EFFECT AS PROVID ED UNDER 16 | |
666 | + | RULE 2–203 OF THE MARYLAND RULES WITH RESPECT TO INDIVIDUALS NOT IN 17 | |
667 | + | BEING; 18 | |
709 | 668 | ||
710 | - | (B) IF THE COURT ORDERS S ERVICE BY PUBLICATIO N, THE PUBLICATION | |
711 | - | SHALL USE THE LEGAL DE SCRIPTION OF THE PRO PERTY ALONG WITH ITS STREET | |
712 | - | ADDRESS, OR OTHER COMMON DESI GNATION, IF ANY. | |
669 | + | (2) TO REQUIRE JOINDER OF ANY ADDITIONAL PARTI ES THAT ARE 19 | |
670 | + | NECESSARY OR PROPER; AND 20 | |
713 | 671 | ||
714 | - | ||
672 | + | (3) TO REQUIRE THAT THE P LAINTIFF: 21 | |
715 | 673 | ||
716 | - | (A) EXCEPT AS PROVIDED IN SUBSECTIONS (B) THROUGH (D) OF THIS | |
717 | - | SECTION, THE COURT SHALL DETE RMINE THE FAIR MARKE T VALUE OF THE | |
718 | - | PROPERTY BY ORDERING AN A PPRAISAL IN ACCORDAN CE WITH SUBSECTION (E) OF | |
719 | - | THIS SECTION. | |
674 | + | (I) PROCURE A TITLE REPOR T SUPPORTED BY AN AF FIDAVIT 22 | |
675 | + | BY THE PERSON MAKING THE TITLE SEARCH THA T A COMPLETE SEARCH OF THE 23 | |
676 | + | PUBLIC RECORDS HAS B EEN PERFORMED IN ACC ORDANCE WITH GENERAL LY 24 | |
677 | + | ACCEPTED STANDA RDS OF TITLE EXAMINA TION FOR THE APPROPR IATE PERIOD AS 25 | |
678 | + | DETERMINED BY THE CO URT, BUT NOT LESS THAN 60 YEARS; AND 26 | |
720 | 679 | ||
721 | - | ( | |
722 | - | ||
680 | + | (II) DESIGNATE A PLACE WHE RE THE TITLE REPORT SHALL BE 27 | |
681 | + | KEPT FOR INSPECTION , USE, AND COPYING BY THE P ARTIES. 28 | |
723 | 682 | ||
724 | - | (1) THE APPRAISAL IS DATE D NOT EARLIER THAN 6 MONTHS BE FORE | |
725 | - | THE FILING OF THE PA RTITION ACTION; | |
726 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
683 | + | 14–704. 29 | |
727 | 684 | ||
728 | - | – 17 – | |
729 | - | (2) THE APPRAISAL WAS COM PLETED BY A DISINTER ESTED REAL | |
730 | - | ESTATE APPRAISER LIC ENSED IN THE STATE; AND | |
685 | + | IN ADDITION TO ANY PE RSONS REQUIRED TO BE NAMED AS DEFENDANTS IN 30 | |
686 | + | AN ACTION UNDER THIS SUBTITLE, THE PLAINTIFF MAY NA ME AS DEFENDANTS ALL 31 16 SENATE BILL 92 | |
731 | 687 | ||
732 | - | (3) NO PARTY OBJECTS TO T HE APPRAISED VALUE . | |
733 | 688 | ||
734 | - | (C) IF ALL COTENANTS HAVE AGREED TO THE VALUE OF THE PROPERTY OR | |
735 | - | TO ANOTHER METHOD OF VALUATION, THE COURT SHALL ADOP T THAT VALUE OR | |
736 | - | THE VALUE PRODUCED B Y THE AGREED METHOD OF VALUATION . | |
689 | + | PERSONS UNKNOWN , CLAIMING ANY LEGAL O R EQUITABLE RIGHT , TITLE, ESTATE, 1 | |
690 | + | LIEN, OR INTEREST IN THE P ROPERTY DESCRIBED IN THE COMPLAINT ADVERSE TO 2 | |
691 | + | THE PLAINTIFF ’S TITLE, OR ANY CLOUD ON THE PLAINTIFF’S TITLE TO THE 3 | |
692 | + | PROPERTY. 4 | |
737 | 693 | ||
738 | - | (D) IF THE COURT DETERMIN ES THAT THE EVIDENTI ARY VALUE OF AN | |
739 | - | APPRAISAL IS OUTWEIG HED BY THE COST OF T HE APPRAISAL AND NO PREVIOUSLY | |
740 | - | COMPLETED APPRAISAL WAS FILED UNDER SUBS ECTION (B) OF THIS SECTION, THE | |
741 | - | COURT, AFTER AN EVIDENTIARY HEARING, SHALL DETERMINE THE FAIR MARKET | |
742 | - | VALUE OF THE PROPERT Y AND SEND NOTICE TO THE PARTIES OF THE V ALUE. | |
694 | + | 14–705. 5 | |
743 | 695 | ||
744 | - | (E) (1) IF THE COURT ORDERS A N APPRAISAL UNDER SU BSECTION (A) OF | |
745 | - | THIS SECTION , THE COURT SHALL APPO INT A DISINTERESTED REAL ESTATE | |
746 | - | APPRAISER LICENSED I N THE STATE TO DETERMINE TH E FAIR MARKET VALUE OF | |
747 | - | THE PROPERTY ASSUMIN G SOLE OWNERSHIP OF THE FEE SIMPLE ESTAT E. | |
696 | + | (A) (1) IF, ON AFFIDAVIT OF THE PLAINTIFF, IT APPEARS TO THE 6 | |
697 | + | SATISFACTION OF THE COURT THAT THE PLAIN TIFF HAS USED REASON ABLE 7 | |
698 | + | DILIGENCE TO ASCE RTAIN THE IDENTITY A ND RESIDENCE OF AND TO SERVE A 8 | |
699 | + | SUMMONS ON THE PERSO NS NAMED AS UNKNOWN DEFENDANTS AND PERSO NS 9 | |
700 | + | JOINED AS TESTATE OR INTESTATE SUCCESSORS OF A PERSON KNOWN OR BELIEVED 10 | |
701 | + | TO BE DEAD, THE COURT SHALL ORDE R SERVICE BY PUBLICA TION IN ACCORDANCE 11 | |
702 | + | WITH RULE 2–122 OF THE MARYLAND RULES AND THE PROVISI ONS OF THIS 12 | |
703 | + | SUBTITLE. 13 | |
748 | 704 | ||
749 | - | (2) ON COMPLETION OF THE APPRAISAL, THE APPRAISER SHALL FILE | |
750 | - | A SWORN OR VERIFIED APPRAISAL WITH THE C OURT. | |
705 | + | (2) THE ORDER SHALL DIREC T THAT A COPY OF THE SUMMONS, THE 14 | |
706 | + | COMPLAINT, AND THE ORDER FOR PU BLICATION BE MAILED IMMEDIATELY TO THE 15 | |
707 | + | PARTY IF THE PARTY ’S ADDRESS IS ASCERTA INED BEFORE EXPIRATION OF THE TIME 16 | |
708 | + | PRESCRIBED FOR PUBLI CATION OF THE SUMMON S. 17 | |
751 | 709 | ||
752 | - | (F) IF AN APPRAISAL IS CO NDUCTED UNDER SUBSEC TION (A) OF THIS | |
753 | - | SECTION OR FILED WIT H THE COURT UNDER SU BSECTION (B) OF THIS SECTION, NOT | |
754 | - | LATER THAN 10 DAYS AFTER THE APPRA ISAL IS FILED, THE COURT SHALL SEND | |
755 | - | NOTICE TO EACH PARTY WITH A KNOWN ADDRESS , STATING: | |
710 | + | (B) THIS SECTION DOES NOT AUTHORIZE SERVICE BY PUBLICATION ON ANY 18 | |
711 | + | PERSON NAMED AS AN U NKNOWN DEFENDANT WHO IS IN OPEN AND ACTUA L 19 | |
712 | + | POSSESSION OF THE PR OPERTY. 20 | |
756 | 713 | ||
757 | - | ||
714 | + | 14–706. 21 | |
758 | 715 | ||
759 | - | ( | |
760 | - | ||
716 | + | (A) IF THE COURT ORDERS SERVICE BY PU BLICATION, THE PLAINTIFF 22 | |
717 | + | SHALL: 23 | |
761 | 718 | ||
762 | - | ( | |
763 | - | ||
764 | - | ||
719 | + | (1) POST, NOT LATER THAN 10 DAYS AFTER THE DATE THE ORDER IS 24 | |
720 | + | ISSUED, A COPY OF THE SUMMON S AND COMPLAINT IN A CONSPICUOUS PLACE ON 25 | |
721 | + | THE PROPERTY THAT IS THE SUBJECT OF THE A CTION; AND 26 | |
765 | 722 | ||
766 | - | (G) (1) IF AN APPRAISAL IS FI LED WITH THE COURT U NDER SUBSECTION | |
767 | - | (E) OF THIS SECTION, THE COURT SHALL CON DUCT A HEARING TO DE TERMINE THE | |
768 | - | FAIR MARKET VALUE OF THE PROPERTY NOT SOO NER THAN 30 DAYS AFTER A COPY | |
769 | - | OF THE NOTICE OF THE APPRAISAL IS SENT TO EACH PARTY UNDER SUB SECTION (F) | |
770 | - | OF THIS SECTION , WHETHER OR NOT AN OB JECTION TO THE APPRA ISAL IS FILED | |
771 | - | UNDER SUBSECTION (F)(3) OF THIS SECTION. | |
772 | - | Ch. 402 2022 LAWS OF MARYLAND | |
723 | + | (2) FILE PROOF THAT THE SUMMONS HAS BEEN SERVED , POSTED, 27 | |
724 | + | AND PUBLISHED AS REQ UIRED IN THE ORDER . 28 | |
773 | 725 | ||
774 | - | – 18 – | |
775 | - | (2) IN ADDITION TO AN APP RAISAL DESCRIBED UND ER SUBSECTION | |
776 | - | (A) OR (B) OF THIS SECTION, THE COURT MAY CONSID ER ANY OTHER EVIDENC E OF | |
777 | - | VALUE OFFERED BY A P ARTY. | |
726 | + | (B) IF THE COURT ORDERS S ERVICE BY PUBLICATIO N, THE PUBLICATION 29 | |
727 | + | SHALL USE THE LEGAL DESCRIPTION OF THE P ROPERTY ALONG WITH I TS STREET 30 | |
728 | + | ADDRESS, OR OTHER COMMON DESI GNATION, IF ANY. 31 | |
778 | 729 | ||
779 | - | (H) AFTER A HEARING UNDER SUBSECTION (G) OF THIS SECTION , BUT | |
780 | - | BEFORE CONSIDERING T HE MERITS OF THE PAR TITION ACTION, THE COURT SHALL | |
781 | - | DETERMINE THE FAIR M ARKET VALUE OF THE P ROPERTY AND SEND NOT ICE TO THE | |
782 | - | PARTIES OF THE VALUE . | |
730 | + | 14–707. 32 | |
731 | + | SENATE BILL 92 17 | |
783 | 732 | ||
784 | - | 14–708. | |
785 | 733 | ||
786 | - | (A) IF ANY COTENANT REQUE STED PARTITION BY SA LE, AFTER THE | |
787 | - | DETERMINATION OF VA LUE UNDER § 14–707 OF THIS SUBTITLE , THE COURT SHALL | |
788 | - | SEND NOTICE TO THE P ARTIES THAT ANY COTE NANT, EXCEPT A COTENANT TH AT | |
789 | - | REQUESTED PARTITION BY SALE, MAY BUY ALL THE INTE RESTS OF THE COTENAN TS | |
790 | - | THAT REQUESTED PARTI TION BY SALE. | |
734 | + | (A) EXCEPT AS PROVIDED IN SUBSECTIONS (B) THROUGH (D) OF THIS 1 | |
735 | + | SECTION, THE COURT SHALL DETE RMINE THE FAIR MARKE T VALUE OF THE 2 | |
736 | + | PROPERTY BY ORDERING AN APPRAISAL IN ACCO RDANCE WITH SUBSECTI ON (E) OF 3 | |
737 | + | THIS SECTION. 4 | |
791 | 738 | ||
792 | - | (B) NOT LATER THAN 45 DAYS AFTER THE NOTICE IS SENT UNDER | |
793 | - | SUBSECTION (A) OF THIS SECTION , ANY COTENANT , EXCEPT A COTENANT TH AT | |
794 | - | REQUESTED PARTITION BY SALE, MAY GIVE NOTICE TO T HE COURT THAT THE | |
795 | - | COTENANT ELECTS TO B UY ALL THE INTERESTS OF THE COTENANTS THA T | |
796 | - | REQUESTED PARTITION BY SALE. | |
739 | + | (B) THE COURT MAY ACCEPT A PREVIOUSLY COMPLET ED APPRAISAL FILED 5 | |
740 | + | WITH THE COURT AS EV IDENCE OF VALUE PROV IDED THAT: 6 | |
797 | 741 | ||
798 | - | (C) THE PURCHASE PRICE FO R EACH OF THE INTERE STS OF A COTENANT | |
799 | - | THAT REQUESTED PARTI TION BY SALE IS THE VALUE OF THE ENTIRE PARCEL | |
800 | - | DETERMINED UNDER § 14–707 OF THIS SUBTITLE MUL TIPLIED BY THE COTEN ANT’S | |
801 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL . | |
742 | + | (1) THE APPRAISAL IS DATE D NOT EARLIER THAN 6 MONTHS BEFORE 7 | |
743 | + | THE FILING OF THE PA RTITION ACTION; 8 | |
802 | 744 | ||
803 | - | ( | |
804 | - | ||
745 | + | (2) THE APPRAISAL WAS COM PLETED BY A DISIN TERESTED REAL 9 | |
746 | + | ESTATE APPRAISER LIC ENSED IN THE STATE; AND 10 | |
805 | 747 | ||
806 | - | (1) IF ONLY ONE COTENANT ELECTS TO BUY ALL TH E INTERESTS OF | |
807 | - | THE COTENANTS THAT R EQUESTED PARTITION B Y SALE, THE COURT SHALL NOTI FY | |
808 | - | ALL THE PARTIES ; | |
748 | + | (3) NO PARTY OBJECTS TO T HE APPRAISED VALUE . 11 | |
809 | 749 | ||
810 | - | ( | |
811 | - | ||
812 | - | ||
750 | + | (C) IF ALL COTENANTS HAVE AGREED TO THE VALUE OF THE PROPERTY OR 12 | |
751 | + | TO ANOTHER METHOD OF VALUATION, THE COURT SHALL ADOP T THAT VALUE OR 13 | |
752 | + | THE VALUE PROD UCED BY THE AGREED M ETHOD OF VALUATION . 14 | |
813 | 753 | ||
814 | - | (I) ALLOCATE THE RIGHT TO BUY THOSE INTERESTS AMONG | |
815 | - | THE ELECTING COTENAN TS BASED ON EACH ELE CTING COTENANT ’S EXISTING | |
816 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL EXISTING | |
817 | - | FRACTIONAL OWNERSHIP OF ALL COTENANTS ELE CTING TO BUY; LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
754 | + | (D) IF THE COURT DETERMIN ES THAT THE EVIDENTI ARY VALUE OF AN 15 | |
755 | + | APPRAISAL IS OUTWEIG HED BY THE COST OF T HE APPRAISAL AND NO PREVIOUSLY 16 | |
756 | + | COMPLETED APPRAISAL WAS FILED UNDER SUBS ECTION (B) OF THIS SECTION, THE 17 | |
757 | + | COURT, AFTER AN EVIDENTIARY HE ARING, SHALL DETERMINE THE FAIR MARKET 18 | |
758 | + | VALUE OF THE PROPERT Y AND SEND NOTICE TO THE PARTIES OF THE V ALUE. 19 | |
818 | 759 | ||
819 | - | – 19 – | |
760 | + | (E) (1) IF THE COURT ORDERS A N APPRAISAL UNDER SU BSECTION (A) OF 20 | |
761 | + | THIS SECTION , THE COURT SHALL APPO INT A DISINTERESTED REAL ESTATE 21 | |
762 | + | APPRAISER LICENSED I N THE STATE TO DETERMINE TH E FAIR MARKET VALUE OF 22 | |
763 | + | THE PROPERTY ASSUMIN G SOLE OWNERSHIP OF THE FEE SIMPLE ESTAT E. 23 | |
820 | 764 | ||
821 | - | (II) NOTIFY ALL THE PARTIE S THAT MORE THAN ONE | |
822 | - | COTENANT ELECTED TO BUY ALL THE INTEREST S OF THE COTENANTS T HAT | |
823 | - | REQUESTED PART ITION BY SALE; AND | |
765 | + | (2) ON COMPLETION OF THE APPRAISAL, THE APPRAISER SHALL FILE 24 | |
766 | + | A SWORN OR VERIFIED APPRAISAL WITH THE C OURT. 25 | |
824 | 767 | ||
825 | - | (III) SEND NOTICE OF THE PR ICE TO BE PAID BY EA CH ELECTING | |
826 | - | COTENANT; OR | |
768 | + | (F) IF AN APPRAISAL IS CO NDUCTED UNDER SUBSEC TION (A) OF THIS 26 | |
769 | + | SECTION OR FILED WIT H THE COURT UNDER SU BSECTION (B) OF THIS SECTION, NOT 27 | |
770 | + | LATER THAN 10 DAYS AFTER THE APPRA ISAL IS FILED, THE COURT SHALL SEND 28 | |
771 | + | NOTICE TO EACH PARTY WITH A KNOWN ADDRESS , STATING: 29 | |
827 | 772 | ||
828 | - | (3) IF NO COTENANT ELECTS TO BUY ALL THE INTER ESTS OF THE | |
829 | - | COTENANTS THAT REQUE STED PARTITION BY SA LE, THE COURT SHALL SEND | |
830 | - | NOTICE TO ALL THE PA RTIES AND RESO LVE THE PARTITION AC TION UNDER § | |
831 | - | 14–711(A) AND (B) OF THIS SUBTITLE. | |
773 | + | (1) THE APPRAISED FAIR MA RKET VALUE OF THE PR OPERTY; 30 | |
832 | 774 | ||
833 | - | (E) (1) IF THE COURT SENDS NO TICE TO THE PARTIES UNDER | |
834 | - | SUBSECTION (D)(1) OR (2) OF THIS SECTION , THE COURT SHALL SET A DATE NOT | |
835 | - | SOONER THAN 60 DAYS AFTER THE DATE THE NOTICE WAS SENT BY WHICH | |
836 | - | ELECTING COTENANTS M UST PAY THEIR APPORT IONED PRICE INTO THE COURT. | |
775 | + | (2) THAT THE APPRAISAL IS AVAILABLE AT THE OFF ICE OF THE 31 | |
776 | + | CLERK; AND 32 | |
777 | + | 18 SENATE BILL 92 | |
837 | 778 | ||
838 | - | (2) AFTER THE DATE SET BY THE COURT UNDER PARA GRAPH (1) OF | |
839 | - | THIS SUBSECTION , THE FOLLOWING RULES APPLY: | |
840 | 779 | ||
841 | - | (I) IF ALL ELECTING COTEN ANTS PAY THEIR APPOR TIONED | |
842 | - | PRICE INTO COURT O N TIME, THE COURT SHALL ISSU E AN ORDER REALLOCAT ING | |
843 | - | ALL THE INTERESTS OF THE COTENANTS AND DI SBURSE THE AMOUNTS H ELD BY THE | |
844 | - | COURT TO THE PERSONS ENTITLED TO THE FUND S; | |
780 | + | (3) THAT A PARTY MAY FILE WITH THE COURT AN OBJECTI ON TO THE 1 | |
781 | + | APPRAISAL NOT LATER THAN 30 DAYS AFTER THE NOTIC E IS SENT, STATING THE 2 | |
782 | + | GROUNDS FOR THE OBJE CTION. 3 | |
845 | 783 | ||
846 | - | (II) IF NO ELECTING COTENA NT PAYS THE COTENANT ’S | |
847 | - | APPORTIONED PRICE ON TIME, THE COURT SHALL RESOLVE THE PARTITION ACTION | |
848 | - | UNDER § 14–709(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE | |
849 | - | COTENANTS THAT REQUE STED PARTITION BY SA LE WERE NOT PURCHASE D; OR | |
784 | + | (G) (1) IF AN APPRAISAL IS FI LED WITH THE COURT U NDER SUBSECTION 4 | |
785 | + | (E) OF THIS SECTION, THE COURT SHALL COND UCT A HEARING TO DET ERMINE THE 5 | |
786 | + | FAIR MARKET VALUE OF THE PROPERTY NOT SOO NER THAN 30 DAYS AFTER A COPY 6 | |
787 | + | OF THE NOTICE OF THE APPRAISAL IS SENT TO EACH PARTY UNDER SUB SECTION (F) 7 | |
788 | + | OF THIS SECTION , WHETHER OR NOT AN OB JECTION TO THE APPRA ISAL IS FILED 8 | |
789 | + | UNDER SUB SECTION (F)(3) OF THIS SECTION. 9 | |
850 | 790 | ||
851 | - | (III) IF ONE OR MORE BUT NO T ALL OF THE ELECTIN G | |
852 | - | COTENANTS FAIL TO PA Y THEIR APPORTIONED PRICE ON TIME , THE COURT, ON | |
853 | - | MOTION, SHALL GIVE NOTICE OF THE INTEREST REMAINI NG AND THE PRICE FOR | |
854 | - | THAT INTEREST TO THE ELECTING COTENANTS T HAT PAID THEIR APPOR TIONED | |
855 | - | PRICE. | |
791 | + | (2) IN ADDITION TO AN APP RAISAL DESCRIBED UND ER SUBSECTION 10 | |
792 | + | (A) OR (B) OF THIS SECTION, THE COURT MAY CONSID ER ANY OTHER EVIDENC E OF 11 | |
793 | + | VALUE OFFERED BY A P ARTY. 12 | |
856 | 794 | ||
857 | - | ( | |
858 | - | ||
859 | - | ||
860 | - | ||
795 | + | (H) AFTER A HEARING UNDER SUBSECTION (G) OF THIS SECTION , BUT 13 | |
796 | + | BEFORE CONSIDERING T HE MERITS OF THE PAR TITION ACTION, THE COURT SHALL 14 | |
797 | + | DETERMINE THE FAIR M ARKET VALUE OF THE P ROPERTY AND SEND NOT ICE TO THE 15 | |
798 | + | PARTIES OF THE VALUE . 16 | |
861 | 799 | ||
862 | - | (2) AFTER THE 20–DAY PERIOD DESCRIBED IN PARAGRAPH (1) OF | |
863 | - | THIS SUBSECTION , THE FOLLOWING RULES APPLY: Ch. 402 2022 LAWS OF MARYLAND | |
800 | + | 14–708. 17 | |
864 | 801 | ||
865 | - | – 20 – | |
802 | + | (A) IF ANY COTENANT REQUE STED PARTITION BY SA LE, AFTER THE 18 | |
803 | + | DETERMINATION OF V ALUE UNDER § 14–707 OF THIS SUBTITLE , THE COURT SHALL 19 | |
804 | + | SEND NOTICE TO THE P ARTIES THAT ANY COTE NANT, EXCEPT A COTENANT TH AT 20 | |
805 | + | REQUESTED PARTITION BY SALE, MAY BUY ALL THE INTE RESTS OF THE COTENAN TS 21 | |
806 | + | THAT REQUESTED PARTI TION BY SALE. 22 | |
866 | 807 | ||
867 | - | (I) IF ONLY ONE COTENANT PAYS THE ENTIRE PRIC E FOR THE | |
868 | - | REMAINING INTEREST , THE COURT SHALL : | |
808 | + | (B) NOT LATER THAN 45 DAYS AFTER THE NOTICE I S SENT UNDER 23 | |
809 | + | SUBSECTION (A) OF THIS SECTION , ANY COTENANT , EXCEPT A COTENANT TH AT 24 | |
810 | + | REQUESTED PARTITION BY SALE, MAY GIVE NOTICE TO T HE COURT THAT THE 25 | |
811 | + | COTENANT ELECTS TO B UY ALL THE INTERESTS OF THE COTENANTS THA T 26 | |
812 | + | REQUESTED PARTITION BY SALE. 27 | |
869 | 813 | ||
870 | - | 1. ISSUE AN ORDER REALLO CATING THE REMAINING | |
871 | - | INTEREST TO THAT COT ENANT; AND | |
814 | + | (C) THE PURCHASE PRICE FO R EACH OF THE INTERE STS OF A COTENANT 28 | |
815 | + | THAT REQUESTED PARTI TION BY SALE IS THE VALUE OF THE ENTIRE PARCEL 29 | |
816 | + | DETERMINED UNDER § 14–707 OF THIS SUBTITLE MUL TIPLIED BY THE COTEN ANT’S 30 | |
817 | + | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL . 31 | |
872 | 818 | ||
873 | - | | |
874 | - | ||
875 | - | ||
819 | + | (D) AFTER EXPIRATION OF T HE PERIOD DESCRIBED IN SUBSECTION (B) OF 32 | |
820 | + | THIS SECTION, THE FOLLOWING RULES APPLY: 33 | |
821 | + | SENATE BILL 92 19 | |
876 | 822 | ||
877 | - | (II) IF NO COTENANT PAYS T HE ENTIRE PRICE FOR THE | |
878 | - | REMAINING INTEREST, THE COURT SHALL RESO LVE THE PARTITION AC TION UNDER | |
879 | - | § 14–709(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE COTENANTS | |
880 | - | THAT REQUESTED PARTI TION BY SALE WERE NO T PURCHASED ; AND | |
881 | 823 | ||
882 | - | (III) IF MORE THAN ONE COTE NANT PAYS THE ENTIRE PRICE | |
883 | - | FOR THE REMAINING INTEREST , THE COURT SHALL : | |
824 | + | (1) IF ONLY ONE COTENANT ELECTS TO BUY ALL TH E INTERESTS OF 1 | |
825 | + | THE COTENANTS THAT R EQUESTED PARTITION B Y SALE, THE COURT SHALL NOTI FY 2 | |
826 | + | ALL THE PARTIES ; 3 | |
884 | 827 | ||
885 | - | 1. REAPPORTION THE REMAI NING INTEREST AMONG | |
886 | - | THOSE PAYING COTENAN TS, BASED ON EACH PAYING COTENANT’S ORIGINAL | |
887 | - | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL ORIGINAL | |
888 | - | FRACTIONAL OWNERSHIP OF ALL COTENANTS THAT PAID THE ENTIRE PRICE FOR | |
889 | - | THE REMAINING INTERE ST; AND | |
828 | + | (2) IF MORE THAN ONE COTE NANT ELECTS TO BUY A LL THE 4 | |
829 | + | INTERESTS OF THE COT ENANTS THAT REQUESTE D PARTITION BY SALE , THE COURT 5 | |
830 | + | SHALL: 6 | |
890 | 831 | ||
891 | - | | |
892 | - | THE | |
893 | - | ||
894 | - | ||
832 | + | (I) ALLOCATE THE RIGHT TO BUY THOSE INTERESTS AMONG 7 | |
833 | + | THE ELECTING COTENAN TS BASED ON EACH ELE CTING COTENANT ’S EXISTING 8 | |
834 | + | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL EXISTING 9 | |
835 | + | FRACTIONAL OWNERSHIP OF ALL COTENANTS ELE CTING TO BUY; 10 | |
895 | 836 | ||
896 | - | (G) NOT LATER THAN 45 DAYS AFTER THE COURT SENDS NOTICE TO THE | |
897 | - | PARTIES UNDER SUBSEC TION (A) OF THIS SECTION , ANY COTENANT ENTITLE D TO | |
898 | - | BUY AN INTEREST UNDE R THIS SECTION MAY R EQUEST THE COURT TO AUTHORIZE | |
899 | - | THE SALE AS PART OF THE PENDING ACTION O F THE INTERESTS OF COT ENANTS | |
900 | - | NAMED AS DEFENDANTS AND SERVED WITH THE COMPLAINT BUT THAT D ID NOT | |
901 | - | APPEAR IN THE ACTION . | |
837 | + | (II) NOTIFY ALL THE PARTIE S THAT MORE THAN ONE 11 | |
838 | + | COTENANT ELECTED TO BUY ALL THE INTEREST S OF THE COTENANTS T HAT 12 | |
839 | + | REQUESTED P ARTITION BY SALE ; AND 13 | |
902 | 840 | ||
903 | - | (H) IF THE COURT RECEIVES A TIMELY REQUEST UND ER SUBSECTION (G) OF | |
904 | - | THIS SECTION, THE COURT , AFTER A HEARING , MAY DENY THE REQUEST OR | |
905 | - | AUTHORIZE THE REQUESTED ADDITIONAL SALE ON T ERMS THE COURT DETER MINES | |
906 | - | ARE FAIR AND REASONA BLE, SUBJECT TO THE FOLLO WING LIMITATIONS : | |
907 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
841 | + | (III) SEND NOTICE OF THE PR ICE TO BE PAID BY EA CH ELECTING 14 | |
842 | + | COTENANT; OR 15 | |
908 | 843 | ||
909 | - | – 21 – | |
910 | - | (1) A SALE AUTHORIZED UNDE R THIS SUBSECTION MA Y OCCUR ONLY | |
911 | - | AFTER THE PURCHASE P RICES FOR ALL INTERE STS SUBJECT TO SALE UNDER | |
912 | - | SUBSECTIONS (A) THROUGH (F) OF THIS SECTION HAVE BEEN PAID INTO COURT AND | |
913 | - | THOSE INTERESTS HAVE BEEN REALLOCATED AMO NG THE COTENANTS AS | |
914 | - | PROVIDED IN SUBSECTI ONS (A) THROUGH (F) OF THIS SECTION; AND | |
844 | + | (3) IF NO COTENANT ELECTS TO BUY ALL THE INTER ESTS OF THE 16 | |
845 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE, THE COURT SHALL SEND 17 | |
846 | + | NOTICE TO ALL THE PA RTIES AND R ESOLVE THE PARTITION ACTION UNDER § 18 | |
847 | + | 14–711(A) AND (B) OF THIS SUBTITLE. 19 | |
915 | 848 | ||
916 | - | (2) THE PURCHASE PRICE FO R THE INTEREST OF A NONAPPEARING | |
917 | - | COTENANT IS BASED ON THE COURT’S DETERMINATION OF V ALUE UNDER § 14–707 | |
918 | - | OF THIS SUBTITLE. | |
849 | + | (E) (1) IF THE COURT SENDS NO TICE TO THE PARTIES UNDER 20 | |
850 | + | SUBSECTION (D)(1) OR (2) OF THIS SECTION , THE COURT SHALL SET A DATE NOT 21 | |
851 | + | SOONER THAN 60 DAYS AFTER THE DATE THE NOTICE WAS SEN T BY WHICH 22 | |
852 | + | ELECTING COTENANTS M UST PAY THEIR APPORT IONED PRICE INTO THE COURT. 23 | |
919 | 853 | ||
920 | - | 14–709. | |
854 | + | (2) AFTER THE DATE SET BY THE COURT UNDER PARA GRAPH (1) OF 24 | |
855 | + | THIS SUBSECTION , THE FOLLOWING RULES APPLY: 25 | |
921 | 856 | ||
922 | - | (A) (1) IF UNDER § 14–708 OF THIS SUBTITLE ALL THE INTERESTS OF ALL | |
923 | - | COTENANTS THAT REQUE STED PARTITION BY SA LE ARE NOT PURCHASED BY OTHER | |
924 | - | COTENANTS, OR IF AFTER THE CONC LUSION OF THE BUYOUT A COTENANT REMAINS | |
925 | - | THAT HAS REQUESTED P ARTITION IN KIND, THE COURT SHALL ORDE R PARTITION IN | |
926 | - | KIND UNLESS THE COUR T, AFTER CONSIDERATION OF THE FACTORS LISTE D IN § | |
927 | - | 14–710 OF THIS SUBTITLE , FINDS THAT PARTITION IN KIND WILL RESULT IN GREAT | |
928 | - | PREJUDICE TO THE COT ENANTS AS A GROUP . | |
857 | + | (I) IF ALL ELECTING COTEN ANTS PAY THEIR APPOR TIONED 26 | |
858 | + | PRICE INTO COURT ON TIME , THE COURT SHALL ISSU E AN ORDER REALLOCAT ING 27 | |
859 | + | ALL THE INTERESTS OF THE COTENANTS AND DI SBURSE THE AMOUNTS H ELD BY THE 28 | |
860 | + | COURT TO THE PERSONS ENTITLED TO THE FUND S; 29 | |
929 | 861 | ||
930 | - | (2) IN CONSIDERING WHETHE R TO ORDER PARTITION IN KIND, THE | |
931 | - | COURT SHALL APPROVE A REQUEST BY TWO OR MORE PARTIES TO HAVE THEIR | |
932 | - | INDIVIDUAL INTERESTS AGGREGATED . | |
862 | + | (II) IF NO ELECTING COTENA NT PAYS THE COTENANT ’S 30 | |
863 | + | APPORTIONED PRICE ON TIME, THE COURT SHALL RESOL VE THE PARTITION ACT ION 31 | |
864 | + | UNDER § 14–709(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE 32 | |
865 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE WERE NOT PURCHASE D; OR 33 | |
866 | + | 20 SENATE BILL 92 | |
933 | 867 | ||
934 | - | (B) IF THE COURT DOES N OT ORDER PARTITION I N KIND UNDER | |
935 | - | SUBSECTION (A) OF THIS SECTION , THE COURT SHALL ORDE R PARTITION BY SALE | |
936 | - | UNDER § 14–711 OF THIS SUBTITLE OR , IF NO COTENANT REQUE STED PARTITION BY | |
937 | - | SALE, THE COURT SHALL DISM ISS THE ACTION. | |
938 | 868 | ||
939 | - | (C) IF THE COURT ORDERS P ARTITION IN KIND IN ACCORDANCE WITH | |
940 | - | SUBSECTION (A) OF THIS SECTION , THE COURT MAY REQUIR E THAT ONE OR MORE | |
941 | - | COTENANTS PAY ONE OR MORE OTHER COTENANTS AMOUNTS SO THAT THE | |
942 | - | PAYMENTS, TAKEN TOGETHER WITH THE VALUE OF THE IN –KIND DISTRIBUTIO NS TO | |
943 | - | THE COTENANTS , WILL MAKE THE PARTIT ION IN KIND JUST AND PROPORTIONATE | |
944 | - | IN VALUE TO THE FRAC TIONAL INTERESTS HEL D. | |
869 | + | (III) IF ONE OR MORE BUT NO T ALL OF THE ELECTIN G 1 | |
870 | + | COTENANTS FAIL TO PA Y THEIR APPORTIONED PRICE ON TIME , THE COURT, ON 2 | |
871 | + | MOTION, SHALL GIVE NOTICE OF THE INTEREST REMAINI NG AND THE PRICE FOR 3 | |
872 | + | THAT INTEREST TO THE ELECTING COTENANTS T HAT PAID THEIR APPOR TIONED 4 | |
873 | + | PRICE. 5 | |
945 | 874 | ||
946 | - | (D) IF THE COURT ORDERS P ARTITION IN KIND , THE COURT SHALL | |
947 | - | ALLOCATE TO THE COTE NANTS THAT ARE UNKNO WN, UNLOCATABLE , OR THE | |
948 | - | SUBJECT OF A DEFAULT JUDGMENT , IF THEIR INTERESTS W ERE NOT BOUGHT OUT | |
949 | - | UNDER § 14–708 OF THIS SUBTITLE, A PART OF THE PROPER TY REPRESENTING THE | |
950 | - | COMBINED INTERESTS O F THESE COTENANTS AS DETERMINED BY THE CO URT AND | |
951 | - | THIS PART OF THE PRO PERTY SHALL REMAIN U NDIVIDED. | |
952 | - | Ch. 402 2022 LAWS OF MARYLAND | |
875 | + | (F) (1) NOT LATER THAN 20 DAYS AFTER THE COURT GIVES NOTICE 6 | |
876 | + | UNDER SUBSECTION (E)(2)(III) OF THIS SECTION , ANY COTENANT THAT PA ID THE 7 | |
877 | + | COTENANT’S APPORTIONED PRICE MAY ELECT TO PURCHAS E ALL OF THE 8 | |
878 | + | REMAINING INTEREST B Y PAYING THE ENTIRE PRICE INTO THE CO URT. 9 | |
953 | 879 | ||
954 | - | – | |
955 | - | ||
880 | + | (2) AFTER THE 20–DAY PERIOD DESCRIBED IN PARAGRAPH (1) OF 10 | |
881 | + | THIS SUBSECTION , THE FOLLOWING RULES APPLY: 11 | |
956 | 882 | ||
957 | - | (A) IN DETERMINING WHETHE R PARTITION IN KIND UNDER § 14–709(A) OF | |
958 | - | THIS SUBTITLE WOULD RESULT IN GREAT PREJ UDICE TO THE COTENAN TS AS A | |
959 | - | GROUP, THE COURT SHALL CONS IDER THE FOLLOWING : | |
883 | + | (I) IF ONLY ONE COTENANT PAYS THE ENTIRE PRIC E FOR THE 12 | |
884 | + | REMAINING INTEREST , THE COURT SHALL : 13 | |
960 | 885 | ||
961 | - | | |
962 | - | ||
886 | + | 1. ISSUE AN ORDER REALLO CATING THE REMAINING 14 | |
887 | + | INTEREST TO THAT COT ENANT; AND 15 | |
963 | 888 | ||
964 | - | (2) WHETHER PARTITION IN KIND WOULD APPORTION THE | |
965 | - | PROPERTY IN SUCH A W AY THAT THE AGGREGAT E FAIR MARKET VALUE OF THE | |
966 | - | PARCELS RESULTING FR OM THE DIVISION WOUL D BE MATERIALLY LESS THAN THE | |
967 | - | VALUE OF THE PROPERT Y IF IT WERE SOLD AS A WHOLE, TAKING INTO ACCOUNT THE | |
968 | - | CONDITION UNDER WHIC H A COURT–ORDERED SALE LIKELY WOULD OCCUR ; | |
889 | + | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING THE 16 | |
890 | + | INTERESTS OF ALL OF THE COTENANTS AND DI SBURSE THE AMOUNTS H ELD BY THE 17 | |
891 | + | COURT TO THE PERSONS ENTITLED TO THEM ; 18 | |
969 | 892 | ||
970 | - | ( | |
971 | - | ||
972 | - | ||
973 | - | ||
893 | + | (II) IF NO COTENANT PAYS T HE ENTIRE PRICE FOR THE 19 | |
894 | + | REMAINING INTEREST, THE COURT SHALL RESO LVE THE PARTITION AC TION UNDER 20 | |
895 | + | § 14–709(A) AND (B) OF THIS SUBTITLE AS IF THE INTERESTS OF THE COTENANTS 21 | |
896 | + | THAT REQUESTED PARTI TION BY SALE WERE NO T PURCHASED ; AND 22 | |
974 | 897 | ||
975 | - | (4) THE SENTIMENTAL ATTAC HMENT OF A COTENANT TO THE | |
976 | - | PROPERTY, INCLUDING ANY ATTACH MENT ARISING BECAUSE THE PROPERTY HAS | |
977 | - | ANCESTRAL OR OTHER U NIQUE OR SPECIAL VAL UE TO THE COTENANT ; | |
898 | + | (III) IF MORE THAN ONE COTE NANT PAYS THE ENTIRE PRICE 23 | |
899 | + | FOR THE REMAINING INTEREST , THE COURT SHALL : 24 | |
978 | 900 | ||
979 | - | (5) THE LAWFUL USE BEING MADE OF THE PROPERTY BY A COTENANT | |
980 | - | AND THE DEGREE TO WH ICH THE COTENANT WOU LD BE HARMED IF THE COTENANT | |
981 | - | COULD NOT CONTINUE T HE SAME USE OF THE P ROPERTY; | |
901 | + | 1. REAPPORTION THE REMAI NING INTEREST AMONG 25 | |
902 | + | THOSE PAYING COTENAN TS, BASED ON EACH PAYING COTENANT’S ORIGINAL 26 | |
903 | + | FRACTIONAL OWNERSHIP OF THE ENTIRE PARCEL DIVIDED BY THE TOTAL ORIGINAL 27 | |
904 | + | FRACTIONAL OWNERSHIP OF ALL COTENANTS THAT PAID THE ENTIRE PRICE FOR 28 | |
905 | + | THE REMAINING INTERE ST; AND 29 | |
982 | 906 | ||
983 | - | | |
984 | - | ||
985 | - | ||
986 | - | ||
987 | - | ||
907 | + | 2. PROMPTLY ISSUE AN ORD ER REALLOCATING ALL OF 30 | |
908 | + | THE COTENANTS ’ INTERESTS, DISBURSE THE AMOUNTS HELD BY THE COURT TO THE 31 | |
909 | + | PERSONS ENTITLED TO THEM, AND REFUND ANY EXCES S PAYMENT HELD BY TH E 32 | |
910 | + | COURT. 33 | |
911 | + | SENATE BILL 92 21 | |
988 | 912 | ||
989 | - | (7) ANY OTHER RELEVANT FA CTOR. | |
990 | 913 | ||
991 | - | (B) THE COURT MAY NOT C ONSIDER ANY ONE FACT OR IN SUBSECTION (A) | |
992 | - | OF THIS SECTION TO B E DISPOSITIVE WITHOU T WEIGHING THE TOTAL ITY OF ALL | |
993 | - | RELEVANT FACTORS AND CIRCUMSTANCES . | |
914 | + | (G) NOT LATER THAN 45 DAYS AFTER THE COURT SENDS NOTICE TO THE 1 | |
915 | + | PARTIES UNDER SUBSEC TION (A) OF THIS SECTION , ANY COTENANT ENTITLE D TO 2 | |
916 | + | BUY AN INTEREST UNDE R THIS SECTION MAY R EQUEST THE COURT TO AUTHORIZE 3 | |
917 | + | THE SALE AS PART OF THE PENDING ACTION O F THE INTERESTS OF COT ENANTS 4 | |
918 | + | NAMED AS DEFENDANTS AND SERVED WITH THE COMPLAINT BUT THAT D ID NOT 5 | |
919 | + | APPEAR IN THE ACTION . 6 | |
994 | 920 | ||
995 | - | 14–711. | |
996 | - | LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
921 | + | (H) IF THE COURT RECEIVES A TIMELY REQUEST UND ER SUBSECTION (G) OF 7 | |
922 | + | THIS SECTION, THE COURT , AFTER A HEARING , MAY DENY THE REQUEST OR 8 | |
923 | + | AUTHORIZE THE REQUESTED ADDITIONAL SALE ON T ERMS THE COURT DETER MINES 9 | |
924 | + | ARE FAIR AND REASONA BLE, SUBJECT TO THE FOLLO WING LIMITATIONS : 10 | |
997 | 925 | ||
998 | - | ||
999 | - | ||
1000 | - | ||
1001 | - | ||
1002 | - | ||
926 | + | (1) A SALE AUTHORIZED UNDE R THIS SUBSECTION MA Y OCCUR ONLY 11 | |
927 | + | AFTER THE PURCHASE P RICES FOR ALL INTERE STS SUBJECT TO SALE UNDER 12 | |
928 | + | SUBSECTIONS (A) THROUGH (F) OF THIS SECTION HAVE BEEN PAID INTO COURT AND 13 | |
929 | + | THOSE INTERESTS HAVE BEEN REALLOCATED AMO NG THE COTENANTS AS 14 | |
930 | + | PROVIDED IN SUBSECTI ONS (A) THROUGH (F) OF THIS SECTION; AND 15 | |
1003 | 931 | ||
1004 | - | (B) (1) IF THE COURT ORDERS A N OPEN–MARKET SALE AND THE | |
1005 | - | PARTIES, NOT LATER THAN 10 DAYS AFTER THE ENTRY OF THE ORDER, AGREE ON A | |
1006 | - | REAL ESTATE BROKER L ICENSED IN THE STATE TO OFFER THE PR OPERTY FOR SALE , | |
1007 | - | THE COURT SHALL APPO INT THE BROKER AND E STABLISH A REASONABL E | |
1008 | - | COMMISSION. | |
932 | + | (2) THE PURCHASE PRICE FO R THE INTEREST OF A NONAPPEARING 16 | |
933 | + | COTENANT IS BASED ON THE COURT’S DETERMINATION OF V ALUE UNDER § 14–707 17 | |
934 | + | OF THIS SUBTITLE. 18 | |
1009 | 935 | ||
1010 | - | (2) IF THE PARTIES DO NOT AGREE ON A BROKER , THE COURT SHALL | |
1011 | - | APPOINT A DISINTERES TED REAL ESTATE BROKER LICENSED IN THE STATE TO | |
1012 | - | OFFER THE PROPERTY F OR SALE AND SHALL ES TABLISH A REASONABLE | |
1013 | - | COMMISSION. | |
936 | + | 14–709. 19 | |
1014 | 937 | ||
1015 | - | (3) A BROKER APPOINTED UND ER THIS SUBSECTION S HALL OFFER | |
1016 | - | THE PROPERTY FOR SAL E IN A COMMERCIALLY REASONABLE MANNER AT A PRICE | |
1017 | - | NOT LOW ER THAN THE DETERMIN ATION OF VALUE AND O N THE TERMS AND | |
1018 | - | CONDITIONS ESTABLISH ED BY THE COURT . | |
938 | + | (A) (1) IF UNDER § 14–708 OF THIS SUBTITLE ALL THE INTERESTS OF ALL 20 | |
939 | + | COTENANTS THAT REQUE STED PARTITION BY SA LE ARE NOT PURCHASED BY OTHER 21 | |
940 | + | COTENANTS, OR IF AFTER THE CONC LUSION OF THE BUYOUT A COTENANT REMAINS 22 | |
941 | + | THAT HAS REQUESTED P ARTITION IN KIND, THE COURT SHALL ORDE R PARTITION IN 23 | |
942 | + | KIND UNLESS THE COUR T, AFTER CONSIDERATION OF THE FACTORS LISTE D IN § 24 | |
943 | + | 14–710 OF THIS SUBTITLE , FINDS THAT PARTITION IN KIND WILL RESULT IN GREAT 25 | |
944 | + | PREJUDICE TO THE COT ENANTS AS A GROUP . 26 | |
1019 | 945 | ||
1020 | - | ( | |
1021 | - | ||
1022 | - | ||
946 | + | (2) IN CONSIDERING WHETHE R TO ORDER PARTITION IN KIND, THE 27 | |
947 | + | COURT SHALL APPROVE A REQUEST BY TWO OR MORE PARTIES TO HAVE THEIR 28 | |
948 | + | INDIVIDUAL INTERESTS AGGREGATED . 29 | |
1023 | 949 | ||
1024 | - | (1) THE BROKER SHALL COMP LY WITH THE REPORTIN G | |
1025 | - | REQUIREMENTS IN § 14–712 OF THIS SUBTITLE ; AND | |
950 | + | (B) IF THE COURT DOES N OT ORDER PARTITION I N KIND UNDER 30 | |
951 | + | SUBSECTION (A) OF THIS SECTION , THE COURT SHALL ORDE R PARTITION BY SALE 31 | |
952 | + | UNDER § 14–711 OF THIS SUBTITLE OR , IF NO COTENANT REQUE STED PARTITION BY 32 | |
953 | + | SALE, THE COURT SHALL DISM ISS THE ACTION. 33 | |
1026 | 954 | ||
1027 | - | (2) THE SALE MAY BE COMPL ETED IN ACCORDANCE W ITH STATE LAW | |
1028 | - | OTHER THAN THIS SUBT ITLE. | |
955 | + | (C) IF THE COURT ORDERS P ARTITION IN KIND IN ACCORDANC E WITH 34 | |
956 | + | SUBSECTION (A) OF THIS SECTION , THE COURT MAY REQUIR E THAT ONE OR MORE 35 | |
957 | + | COTENANTS PAY ONE OR MORE OTHER COTENANTS AMOUNTS SO THAT THE 36 22 SENATE BILL 92 | |
1029 | 958 | ||
1030 | - | (D) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION | |
1031 | - | DOES NOT OBTAIN WITH IN A REASONABLE TIME AN OFFER TO PURCHASE THE | |
1032 | - | PROPERTY FOR AT LEAS T THE DETERMINATION OF VALUE, THE COURT, AFTER | |
1033 | - | HEARING, MAY: | |
1034 | 959 | ||
1035 | - | (1) APPROVE THE HIGHEST O UTSTANDING OFFER , IF ANY; | |
960 | + | PAYMENTS, TAKEN TOGETHER WITH THE VALUE OF THE IN –KIND DISTRIBUTIONS T O 1 | |
961 | + | THE COTENANTS , WILL MAKE THE PARTITION IN K IND JUST AND PROPORT IONATE 2 | |
962 | + | IN VALUE TO THE FRAC TIONAL INTERESTS HEL D. 3 | |
1036 | 963 | ||
1037 | - | (2) REDETERMINE THE VALUE OF THE PROPERTY A ND ORDER THAT | |
1038 | - | THE PROPERTY CONTINU E TO BE OFFERED FOR AN ADDITIONAL TIME ; OR | |
964 | + | (D) IF THE COURT ORDERS P ARTITION IN KIND , THE COURT SHALL 4 | |
965 | + | ALLOCATE TO THE COTE NANTS THAT ARE UNKNO WN, UNLOCATABLE , OR THE 5 | |
966 | + | SUBJECT OF A DEFAULT JUDGMENT, IF THEIR INTERESTS WERE NOT BO UGHT OUT 6 | |
967 | + | UNDER § 14–708 OF THIS SUBTITLE, A PART OF THE PROPER TY REPRESENTING THE 7 | |
968 | + | COMBINED INTERESTS O F THESE COTENANTS AS DETERMINED BY THE CO URT AND 8 | |
969 | + | THIS PART OF THE PRO PERTY SHALL REMAIN U NDIVIDED. 9 | |
1039 | 970 | ||
1040 | - | (3) ORDER THAT THE PROPER TY BE SOLD BY SEALED BIDS OR AT AN | |
1041 | - | AUCTION. | |
1042 | - | Ch. 402 2022 LAWS OF MARYLAND | |
971 | + | 14–710. 10 | |
1043 | 972 | ||
1044 | - | – | |
1045 | - | ||
1046 | - | COURT SHALL | |
973 | + | (A) IN DETERMINING WHET HER PARTITION IN KIN D UNDER § 14–709(A) OF 11 | |
974 | + | THIS SUBTITLE WOULD RESULT IN GREAT PREJ UDICE TO THE COTENAN TS AS A 12 | |
975 | + | GROUP, THE COURT SHALL CONS IDER THE FOLLOWING : 13 | |
1047 | 976 | ||
1048 | - | (F) IF A PURCHASER IS ENT ITLED TO A SHARE OF THE PROCEEDS OF THE | |
1049 | - | SALE, THE PURCHASER IS ALS O ENTITLED TO A CRED IT AGAINST THE PRICE IN AN | |
1050 | - | AMOUNT EQUAL TO THE PURCHASER ’S SHARE OF THE PROCE EDS. | |
977 | + | (1) WHETHER THE PROPERTY PRACTICABLY CAN BE D IVIDED AMONG 14 | |
978 | + | THE COTENANTS ; 15 | |
1051 | 979 | ||
1052 | - | 14–712. | |
980 | + | (2) WHETHER PARTITI ON IN KIND WOULD APP ORTION THE 16 | |
981 | + | PROPERTY IN SUCH A W AY THAT THE AGGREGAT E FAIR MARKET VALUE OF THE 17 | |
982 | + | PARCELS RESULTING FR OM THE DIVISION WOUL D BE MATERIALLY LESS THAN THE 18 | |
983 | + | VALUE OF THE PROPERT Y IF IT WERE SOLD AS A WHOLE, TAKING INTO ACCOUNT THE 19 | |
984 | + | CONDITION UNDE R WHICH A COURT –ORDERED SALE LIKELY WOULD OCCUR ; 20 | |
1053 | 985 | ||
1054 | - | ( | |
1055 | - | ||
1056 | - | ||
1057 | - | ||
986 | + | (3) EVIDENCE OF THE COLLE CTIVE DURATION OF OW NERSHIP OR 21 | |
987 | + | POSSESSION OF THE PR OPERTY BY A COTENANT AND ONE OR MORE PRED ECESSORS 22 | |
988 | + | IN TITLE OR PREDECES SORS IN POSSESSION T O THE COTENANT WHO A RE OR WERE 23 | |
989 | + | RELATIVES OF THE COT ENANT OR EACH OTHER ; 24 | |
1058 | 990 | ||
1059 | - | (B) A REPORT REQUIRED UNDE R SUBSECTION (A) OF THIS SECTION SHAL L | |
1060 | - | CONTAIN THE FOLLOWIN G INFORMATION : | |
991 | + | (4) THE SENTIMENTAL ATTAC HMENT OF A COTENANT TO THE 25 | |
992 | + | PROPERTY, INCLUDING ANY ATTACH MENT ARISING BECAUSE THE PROPERTY HAS 26 | |
993 | + | ANCESTRAL OR OTHER U NIQUE OR SPECIAL VAL UE TO THE COTENANT ; 27 | |
1061 | 994 | ||
1062 | - | (1) A DESCRIPTION OF THE P ROPERTY TO BE SOLD T O EACH BUYER; | |
995 | + | (5) THE LAWFUL USE BEING MADE OF THE PROPERTY BY A COTENANT 28 | |
996 | + | AND THE DEGREE TO WH ICH THE COTENANT WOU LD BE HARMED IF THE COTENANT 29 | |
997 | + | COULD NOT CONTINUE T HE SAME USE OF THE P ROPERTY; 30 | |
1063 | 998 | ||
1064 | - | (2) THE NAME OF EACH BUYE R; | |
999 | + | (6) THE DEGREE TO WHICH T HE COTENANTS HAVE CO NTRIBUTED 31 | |
1000 | + | THEIR PRO RATA SHARE OF THE PROPERTY TAXE S, INSURANCE, AND OTHER 32 | |
1001 | + | EXPENSES ASSOCIATED WITH MAINTAINING OWN ERSHIP OF THE PROPER TY OR 33 | |
1002 | + | HAVE CONTRIBUTED TO THE PHYSICAL IMPROVE MENT, MAINTENANCE , OR UPKEEP 34 | |
1003 | + | OF THE PROPERTY ; AND 35 SENATE BILL 92 23 | |
1065 | 1004 | ||
1066 | - | (3) THE PROPOSED PURCHASE PRICE; | |
1067 | 1005 | ||
1068 | - | (4) THE TERMS AND CONDITI ONS OF THE PROPOSED SALE, | |
1069 | - | INCLUDING THE TERMS OF ANY OWNER FINANCI NG; | |
1070 | 1006 | ||
1071 | - | ( | |
1007 | + | (7) ANY OTHER RELEVANT FA CTOR. 1 | |
1072 | 1008 | ||
1073 | - | (6) A STATEMENT OF CONTRAC TUAL OR OTHER ARRANG EMENTS OR | |
1074 | - | CONDITIONS OF THE BR OKER’S COMMISSION; AND | |
1009 | + | (B) THE COURT MAY NOT CON SIDER ANY ONE FACTOR IN SUBSECTION (A) 2 | |
1010 | + | OF THIS SECTION TO B E DISPOSITIVE WITHOU T WEIGHING THE TOTAL ITY OF ALL 3 | |
1011 | + | RELEVANT FACTORS AND CIRCUMSTANCES . 4 | |
1075 | 1012 | ||
1076 | - | ||
1013 | + | 14–711. 5 | |
1077 | 1014 | ||
1078 | - | 14–713. | |
1015 | + | (A) IF THE COURT ORDERS A SALE OF PROPERTY , THE SALE SHALL BE AN 6 | |
1016 | + | OPEN–MARKET SALE UNLESS T HE COURT FINDS THAT A SALE BY SEALED BIDS OR AN 7 | |
1017 | + | AUCTION WOULD BE MOR E ECONOMICALLY ADVAN TAGEOUS AND IN THE B EST 8 | |
1018 | + | INTEREST OF THE COTE NANTS AS A GROUP . 9 | |
1079 | 1019 | ||
1080 | - | | |
1081 | - | ||
1082 | - | ||
1083 | - | ||
1084 | - | ||
1020 | + | (B) (1) IF THE COURT ORDERS A N OPEN–MARKET SALE AND THE 10 | |
1021 | + | PARTIES, NOT LATER THAN 10 DAYS AFTER THE ENTRY OF THE ORDER , AGREE ON A 11 | |
1022 | + | REAL ESTATE BROKER LICENSE D IN THE STATE TO OFFER THE PR OPERTY FOR SALE , 12 | |
1023 | + | THE COURT SHALL APPO INT THE BROKER AND E STABLISH A REASONABL E 13 | |
1024 | + | COMMISSION. 14 | |
1085 | 1025 | ||
1086 | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be construed to | |
1087 | - | apply only prospectively and may not be applied or interpreted to have any effect on or | |
1088 | - | application to any partition action filed before the effective date of this Act. LAWRENCE J. HOGAN, JR., Governor Ch. 402 | |
1026 | + | (2) IF THE PARTIES DO NOT AGREE ON A BROKER , THE COURT SHALL 15 | |
1027 | + | APPOINT A DISINTERES TED REAL ESTATE BROK ER LICENSE D IN THE STATE TO 16 | |
1028 | + | OFFER THE PROPERTY F OR SALE AND SHALL ES TABLISH A REASONABLE 17 | |
1029 | + | COMMISSION. 18 | |
1089 | 1030 | ||
1090 | - | – 25 – | |
1031 | + | (3) A BROKER APPOINTED UND ER THIS SUBSECTION S HALL OFFER 19 | |
1032 | + | THE PROPERTY FOR SAL E IN A COMMERCIALLY REASONABLE MANNER AT A PRICE 20 | |
1033 | + | NOT LOWER THAN THE D ETERMINATION OF VALUE AND ON THE TER MS AND 21 | |
1034 | + | CONDITIONS ESTABLISH ED BY THE COURT . 22 | |
1091 | 1035 | ||
1092 | - | SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect | |
1093 | - | October 1, 2022. | |
1036 | + | (C) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION 23 | |
1037 | + | OBTAINS WITHIN A REA SONABLE TIME AN OFFE R TO PURCHASE THE PR OPERTY FOR 24 | |
1038 | + | AT LEAST THE DETERMI NATION OF VALUE : 25 | |
1094 | 1039 | ||
1095 | - | Approved by the Governor, May 16, 2022. | |
1040 | + | (1) THE BROK ER SHALL COMPLY WITH THE REPORTING 26 | |
1041 | + | REQUIREMENTS IN § 14–712 OF THIS SUBTITLE ; AND 27 | |
1042 | + | ||
1043 | + | (2) THE SALE MAY BE COMPL ETED IN ACCORDANCE W ITH STATE LAW 28 | |
1044 | + | OTHER THAN THIS SUBT ITLE. 29 | |
1045 | + | ||
1046 | + | (D) IF THE BROKER APPOINT ED UNDER SUBSECTION (B) OF THIS SECTION 30 | |
1047 | + | DOES NOT OBTAIN WITHIN A REASONABLE TIME AN OFFER TO PUR CHASE THE 31 | |
1048 | + | PROPERTY FOR AT LEAS T THE DETERMINATION OF VALUE, THE COURT, AFTER 32 | |
1049 | + | HEARING, MAY: 33 24 SENATE BILL 92 | |
1050 | + | ||
1051 | + | ||
1052 | + | ||
1053 | + | (1) APPROVE THE HIGHEST O UTSTANDING OFFER , IF ANY; 1 | |
1054 | + | ||
1055 | + | (2) REDETERMINE THE VALUE OF THE PROPERTY AND ORDER THAT 2 | |
1056 | + | THE PROPERT Y CONTINUE TO BE OFF ERED FOR AN ADDITION AL TIME; OR 3 | |
1057 | + | ||
1058 | + | (3) ORDER THAT THE PROPER TY BE SOLD BY SEALED BIDS OR AT AN 4 | |
1059 | + | AUCTION. 5 | |
1060 | + | ||
1061 | + | (E) IF THE COURT ORDERS A SALE BY SEALED BIDS OR AN AUCTION , THE 6 | |
1062 | + | COURT SHALL SET TERM S AND CONDITIONS OF THE SALE. 7 | |
1063 | + | ||
1064 | + | (F) IF A PURCHASER IS ENTITLED TO A SHARE OF THE PR OCEEDS OF THE 8 | |
1065 | + | SALE, THE PURCHASER IS ALS O ENTITLED TO A CRED IT AGAINST THE PRICE IN AN 9 | |
1066 | + | AMOUNT EQUAL TO THE PURCHASER ’S SHARE OF THE PROCE EDS. 10 | |
1067 | + | ||
1068 | + | 14–712. 11 | |
1069 | + | ||
1070 | + | (A) A BROKER APPOINTED UND ER § 14–711(B) OF THIS SUBTITLE TO OFFER 12 | |
1071 | + | PROPERTY FOR OPEN –MARKET SALE SHALL FI LE A REPORT WITH THE COURT NOT 13 | |
1072 | + | LATER THAN 7 DAYS AFTER RECEIVING AN OFFER TO PURCHASE THE PROPERTY FOR 14 | |
1073 | + | AT LEAST THE VALUE D ETERMINED UNDER § 14–707 OR § 14–711 OF THIS SUBTITLE. 15 | |
1074 | + | ||
1075 | + | (B) A REPORT REQUIRED UNDE R SUBSECTION (A) OF THIS SECTION SHAL L 16 | |
1076 | + | CONTAIN THE FOLLOWIN G INFORMATION : 17 | |
1077 | + | ||
1078 | + | (1) A DESCRIPTION OF THE P ROPERTY TO BE SOLD T O EACH BUYER; 18 | |
1079 | + | ||
1080 | + | (2) THE NAME OF EACH BUYE R; 19 | |
1081 | + | ||
1082 | + | (3) THE PROPOSED PURCHASE PRICE; 20 | |
1083 | + | ||
1084 | + | (4) THE TERMS AND CONDITI ONS OF THE PROPOSED SALE, 21 | |
1085 | + | INCLUDING THE TERMS OF ANY OWNER FINANCI NG; 22 | |
1086 | + | ||
1087 | + | (5) THE AMOUNTS TO BE PAI D TO LIENHOLDERS ; 23 | |
1088 | + | ||
1089 | + | (6) A STATEMENT OF CONTRAC TUAL OR OTHER ARRANG EMENTS OR 24 | |
1090 | + | CONDITIONS OF THE BR OKER’S COMMISSION; AND 25 | |
1091 | + | ||
1092 | + | (7) OTHER MATERIAL FACTS RELEVANT TO THE SALE . 26 | |
1093 | + | ||
1094 | + | 14–713. 27 | |
1095 | + | SENATE BILL 92 25 | |
1096 | + | ||
1097 | + | ||
1098 | + | THIS SUBTITLE MODIFIE S, LIMITS, AND SUPERSEDES THE ELECTRONIC 1 | |
1099 | + | SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT, 15 U.S.C. § 7001 ET SEQ., 2 | |
1100 | + | BUT DOES NOT MODIFY , LIMIT, OR SUPERSEDE § 101(C) OF THAT ACT, 15 U.S.C. § 3 | |
1101 | + | 7001(C), OR AUTHORIZE ELECTRO NIC DELIVERY OF ANY OF THE NOTICES 4 | |
1102 | + | DESCRIBED IN § 103(B) OF THAT ACT, 15 U.S.C. § 7003(B). 5 | |
1103 | + | ||
1104 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be construed to 6 | |
1105 | + | apply only prospectively and may not be applied or interpreted to have any effect on or 7 | |
1106 | + | application to any partition action filed before the effective date of this Act. 8 | |
1107 | + | ||
1108 | + | SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect 9 | |
1109 | + | October 1, 2022. 10 | |
1110 | + | ||
1111 | + | ||
1112 | + | ||
1113 | + | ||
1114 | + | Approved: | |
1115 | + | ________________________________________________________________________________ | |
1116 | + | Governor. | |
1117 | + | ________________________________________________________________________________ | |
1118 | + | President of the Senate. | |
1119 | + | ________________________________________________________________________________ | |
1120 | + | Speaker of the House of Delegates. |