2010 Maryland Code
TAX - PROPERTY
TITLE 8 - VALUATION AND ASSESSMENT
Subtitle 1 - General Provisions and Valuation
Section 8-106 - Valuation of real property owned by cooperative housing corporation.
§ 8-106. Valuation of real property owned by cooperative housing corporation.
(a) Definitions.- In this section, "cooperative housing corporation", "cooperative interest", "membership certificate", and "proprietary lease" have the meanings provided under the Maryland Cooperative Housing Corporation Act.
(b) Items considered in valuation.- The value of a cooperative interest, a proprietary lease, a membership certificate, or similar items relating to an interest in a cooperative unit may be considered in determining the value of real property owned by a cooperative housing corporation or similar corporation.
[1987, ch. 434, § 2.]
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