Maryland Code, LOCAL GOVERNMENT 4-508
Terms Used In Maryland Code, LOCAL GOVERNMENT 4-508
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- including: means includes or including by way of illustration and not by way of limitation. See
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2) The merging municipality shall transfer the assets and liabilities by legal instruments separate from the unified charter and resolution.
(3) The invalidity of a legal instrument that transfers or disposes of any property of a merging municipality does not affect the validity of the unified charter.
(b) Within 60 days after the unified charter is adopted, the legislative bodies of the merging municipalities jointly shall send the information concerning the charter to the Department of Legislative Services as provided in § 4-109 of this title.
(c) The exact text of the unified charter adopted under this subtitle, including any amendments, shall be included in any edition or codification of the charter.