State Codes and Statutes
Statutes > Maryland > Tax-property > Title-8 > Subtitle-1 > 8-106§ 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.]
