Maryland § 7-539
Full text of Maryland Maryland Code § 7-539, with citation guidance and answers to common questions.
§ 7-539.
(a) An agreement by an electric company or assignee to transfer rate stabilization property that expressly states that the transfer is a sale or other absolute transfer signifies that:
(1) the transaction is a true sale and is not a secured transaction; and
(2) legal and equitable title has passed to the entity to which the rate stabilization property is transferred.
(b) The status of the transfer as a true sale prevails regardless of any recourse the purchaser may have against the seller, or any other term of the parties’ agreement, including:
(1) the seller’s retention of an equity interest in the rate stabilization property;
(2) the fact that the electric company acts as the collector of qualified rate stabilization charges relating to the rate stabilization property; and
(3) the treatment of the transfer as a financing for tax, financial reporting, or other purposes.
Frequently Asked Questions About Maryland § 7-539
What does Maryland Code § 7-539 cover?
Section 7-539 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 § 7-539?
A common citation format is "Maryland Code § 7-539" (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 § 7-539 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.