Maryland Code > EDUCATION > Division IV > Title 24 > Subtitle 5 > Part III – Property Acquisition Procedures
Current as of: 2023 | Check for updates
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Other versions
§ 24-513 | Definitions; acquisition of dwellings |
§ 24-514 | Preservation land trusts and foundations |
§ 24-515 | Transfer of State property |
Terms Used In Maryland Code > EDUCATION > Division IV > Title 24 > Subtitle 5 > Part III - Property Acquisition Procedures
- Contract: A legal written agreement that becomes binding when signed.
- County: means a county of the State or Baltimore City. See
- gift: includes an inter vivos gift, inter vivos endowment, bequest, devise, legacy, or testamentary endowment of any interest in real or personal property. See
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- including: means includes or including by way of illustration and not by way of limitation. See
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See