Definitions. As used in this article, the following
words shall have the meanings indicated:
INSTRUMENT OF TRANSFER
An instrument, in the form required by this chapter, by which
one or more development rights are transferred.
ORIGINAL INSTRUMENT OF TRANSFER
An instrument of transfer by which development rights are
initially transferred from a sending parcel by the original transferor.
ORIGINAL TRANSFEROR
(1)
A transferor who is the owner of the sending
parcel from which the rights are transferred; and
(2)
All persons who have any mortgage, deed of trust
or other lien or encumbrance on the transferor parcel.
RECEIVING PARCEL
A parcel that is eligible to receive rights from a sending
parcel.
SENDING PARCEL
A parcel of land located in a Wicomico County Agricultural
Land Preservation District or a Maryland Agricultural Land Preservation
District, within Wicomico County, and for which no easement has been
sold and from which development rights are transferred.
TRANSFER
A transfer of development rights from a sending parcel to
a receiving parcel by an instrument of transfer. Transfer includes
a subsequent transfer to or among transferees.
TRANSFEREE
A person to whom development rights are transferred; and
all persons who have any lien, security of interest, or other interest
with respect to development rights held by a transferee.
TRANSFEROR
A person who transfers development rights; and all persons
who have any lien, security of interest, or other interest with respect
to development rights held by a transferor.