§ 8-106. Valuation of real property owned by cooperative housing corporation

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(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.

HISTORY: 1987, ch. 434, § 2.

                    
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