Maryland § 10-437
Full text of Maryland Maryland Code § 10-437, with citation guidance and answers to common questions.
§ 10-437.
(a) A provider subject to § 10-436(b)(1) of this subtitle shall:
(1) at least 60 days before the sale, transfer, or other disposition, file with the Department a statement of intent to sell, transfer, or otherwise dispose of assets; and
(2) at least 30 days before the sale, transfer, or other disposition, give written notice to the Department of the proposed sale, transfer, or other disposition of assets.
(b) The statement of intent required to be filed with the Department under subsection (a)(1) of this section shall include:
(1) identification of each asset to be sold, transferred, or otherwise disposed of;
(2) if the provider is subject to § 10-436(b)(1) of this subtitle because of a series of sales, transfers, or other dispositions that have exceeded cumulatively 10% of its total assets, identification of each asset that has been sold, transferred, or disposed of; and
(3) the reason for the sale, transfer, or other disposition identified in item (1) of this subsection.
(c) The notice to the Department required under subsection (a)(2) of this section shall include:
(1) a statement that demonstrates that the proposed sale, transfer, or other disposition is not likely to have an unreasonably adverse effect on:
(i) the financial stability of the provider; or
(ii) the capacity of the provider to perform its obligations under its continuing care agreements; and
(2) any other information that the Department requires.
Frequently Asked Questions About Maryland § 10-437
What does Maryland Code § 10-437 cover?
Section 10-437 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-437?
A common citation format is "Maryland Code § 10-437" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-437 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.