Maryland Statutes

§ 12-405

Maryland·Article glg Local Government·Title 12
(a)(1) Notwithstanding any other provision of State law, when negotiating to purchase real property, the governing body of Cecil County, a unit of the county, or the Cecil County Board of Education first shall acquire an option on the property.
(2)An option acquired under this subsection shall be:
(i)acquired for consideration not exceeding $100; and
(ii)for the purchase of property at a fixed price within an agreed period of time not exceeding 6 months.
(3)An option may not be disclosed to the public until the option is signed by both parties.
(4)After an option has been signed by both parties, the governing body, unit of the county, or county board of education shall publish notice of the option once each wee

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Nearby Sections

15
§ 12-101
§ 12-101
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§ 12-201
§ 12-201
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