HARRY HUGHES, Governor                                       439

Also in subsection (d) of this section, the reference
to filing under "§ 3-107" of the Corporations and
Associations Article is substituted for the former
incorrect reference to filing under § 3-112 of the
Corporations and Associations Article, for clarity.

In subsections (d) and (e) of this section, the former

introductory clauses "[notwithstanding the other

provisions of this section" are deleted as
superfluous.

In subsection (e) of this section, the former
parenthetical phrase "(The Uniform Commercial
Code--Filing)" that described the Commercial Law
citation is deleted as superfluous.

Former Art. 81, § 277(m), (n), (o), (p), the first
sentence of (r), (u), (v), (w), and the second
sentence of (q), as they related to recordation tax
rates stated in the law are deleted as confusing and
in some cases, obsolete or inaccurate. Any new listing
of rates in this article would soon be inaccurate as
the counties, rather than the General Assembly, set
the rates. The county rates for each $500 or fraction
of $500, as of January 1, 1985, were: Allegany, $2.20;
Anne Arundel, $3.50; Baltimore City, $2.50; Baltimore
County, $2.50; Calvert, $1.65; Caroline, $1.65
Carroll, $3.30; Cecil, $2.20; Charles, $3.30
Dorchester, $1.65; Frederick, $3.30; Garrett, $1.10
Harford, $3.30; Howard, $2.20; Kent, $1.65
Montgomery, $2.20; Prince George's, $2.20; Queen
Anne's, $2.20; St. Mary's, $3.30; Somerset, $1.65;
Talbot, $1.65; Washington, $2.20; Wicomico, $2.00; and
Worcester, $1.65.

The provision of former Art. 81, § 277(b)(1) that sets
a general rate of 55 cents for the recordation tax is
deleted as obsolete since no county is now using this
rate.

Defined terms: "Articles of transfer" § 12-101

"County" § 1-101 "Department" § 1-101

"Governing body" § 1-101

"Instrument of writing" § 12-101 "Property" § 1-101

"Recordation tax" § 12-101 "Security agreement" § 12-101

12-104. EVIDENCE OF CONSIDERATION OR DEBT.

(A) IN GENERAL.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, THE
CONSIDERATION PAYABLE, INCLUDING THE AMOUNT OF ANY MORTGAGE OR
DEED OF TRUST ASSUMED BY THE GRANTEE, OR THE PRINCIPAL AMOUNT OF
THE SECURED DEBT INCURRED, SHALL BE DESCRIBED IN: