§ 1–209
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 1-209 (2026)
Title 1. General Provisions
Subtitle 2. Fees and Recording
§ 1–209LinkCopy Citation
(a)
In this section, “family farm” means an entity that:
(1)
Is a domestic entity;
(2)
(i)
(1)
Owns, or within 1 year after filing articles of incorporation, articles of organization, or a certificate of partnership, will own or take control of property that qualifies for agricultural use assessment under § 8-209 of the Tax - Property Article; and
(2)
Owns only agriculturally or residentially assessed real property and personal property that is used for agricultural purposes; or
(ii)
Owns only personal property that is used for agricultural or agricultural marketing purposes;
(3)
Is controlled, managed, and operated by:
(i)
One individual who has an equity interest in the entity; or
(ii)
Two or more individuals who have an equity interest in the entity and who share its assets and earnings;
(4)
Is declared in a charter provision to be a family farm; and
(5)
Has no assets other than those described in item (2) of this subsection.
(b)
Within 1 year after selling all of the property described in subsection (a)(2) of this section, an individual shall file a charter amendment stating that the entity is no longer a family farm.