HOUSE BILL 931

Sponsored By:

Delegate Arnick

Entitled:

Rules of Interpretation - "Purchaser" to Include "Lender"

Synopsis:

Providing that whenever the words "bona fide purchaser for value", "purchaser for fair consideration without notice", or similar words describing a good faith purchaser for value are used in the Annotated Code of Maryland, the word "purchaser" shall include a lender, unless such construction would be unreasonable.

History by Legislative Date

House Action

2/10

First Reading Economic Matters

2/15

Hearing 2/23 at 10:30 a.m.

2/22

Hearing cancelled

Hearing 2/23 at 11:30 a.m.

3/21

Unfavorable Report by Economic Matters

Senate Action

No Action

Bill indexed under the following Subjects:

ANNOTATED CODE OF MARYLAND

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

FINANCE COMPANIES

FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.

LIENS -see also- MECHANICS' LIENS

Bill affects the following Statute:

Article - 1 Rules of Interpretation

( 34 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered