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Legislation


2005 Regular Session

HOUSE BILL 931

File Code: State Government - Agencies, Offices, and Officials
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
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