Section 8-106 - Valuation of real property owned by cooperative housing corporation. - Maryland Statutes

§ 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.]