[HISTORY: Adopted and amended as indicated in text.]
[1959 Code, sec. 126; 1965 Code, sec. 130; 1969 Code, sec.
135. P.L.L., 1955, ch. 677; 1991, ch. 248]
Leases or other agreements for perpetual use and occupancy of
property located in Charles County by nonprofit housing cooperative
corporations to members of the corporations for residence purposes
shall be exempt from the provisions of Chapter 485 of the Acts of
1884 of the General Assembly of Maryland and any amendment to the
law pertaining to redemption of leases. (See § 8-110 of
the Real Property Article, Annotated Code of Maryland.) The terms
of the leases or other agreements reasonably appropriate for the administration
of a plan of cooperative ownership of the property shall be valid
and enforceable, regardless of the term or duration of the lease or
agreement. The leases or other agreements pertaining to property located
in Charles County, as above described, shall also be exempt from Title
10, Subtitle 1, of the Real Property Article of the Annotated Code
of Maryland.
