State Codes and Statutes

§ 12-405. Power of authority to vest rights in obligee.

This subtitle does not limit the power of an authority to vest in an obligee the right, if the authority defaults, to:

(1) take possession of a housing project;

(2) have a receiver of a housing project appointed; or

(3) acquire title to a housing project, through foreclosure or otherwise, free from all restrictions of this subtitle.

[An. Code 1957, art. 44A, § 1-403; 2006, ch. 63, § 2.]

§ 12-405. Power of authority to vest rights in obligee.

This subtitle does not limit the power of an authority to vest in an obligee the right, if the authority defaults, to:

(1) take possession of a housing project;

(2) have a receiver of a housing project appointed; or

(3) acquire title to a housing project, through foreclosure or otherwise, free from all restrictions of this subtitle.

[An. Code 1957, art. 44A, § 1-403; 2006, ch. 63, § 2.]

§ 12-405. Power of authority to vest rights in obligee.

This subtitle does not limit the power of an authority to vest in an obligee the right, if the authority defaults, to:

(1) take possession of a housing project;

(2) have a receiver of a housing project appointed; or

(3) acquire title to a housing project, through foreclosure or otherwise, free from all restrictions of this subtitle.

[An. Code 1957, art. 44A, § 1-403; 2006, ch. 63, § 2.]

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