§ 14-701

Maryland § 14-701

• Jurisdiction: Maryland
• Article grp: Real Property
• Title: 14

Text

(a) In this subtitle the following words have the meanings indicated.

(b) “Determination of value” means a court order determining the fair market value of property under § 14–707 or § 14–711 of this subtitle or adopting the valuation of property agreed to by all cotenants.

(c) “Partition by sale” means a court–ordered sale of property, whether by auction, sealed bids, or open–market sale conducted under § 14–711 of this subtitle.

(d) “Partition in kind” means the division of property into physically distinct and separately titled parcels.

(e) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.