Maryland § 10-849
Full text of Maryland Maryland Code § 10-849, with citation guidance and answers to common questions.
§ 10-849.
(a) The Center shall convey title to a project and release collateral in accordance with this section when the following conditions are met:
(1) (i) the principal of and interest on bonds issued to finance the project, including any refunding bonds, have been fully paid and retired; or
(ii) adequate provision has been made to fully pay and retire the bonds;
(2) all other conditions of the trust agreement have been satisfied; and
(3) the lien of the trust agreement has been released.
(b) On satisfaction of the conditions under subsection (a) of this section, the Center promptly shall execute any deeds, conveyances, releases, and documents and take any other action necessary to convey title to the project to the participating institution and release collateral free of all liens and encumbrances created through the Center.
Frequently Asked Questions About Maryland § 10-849
What does Maryland Code § 10-849 cover?
Section 10-849 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 § 10-849?
A common citation format is "Maryland Code § 10-849" (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 § 10-849 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.