# COMAR Title 18 — Department of Assessments and Taxation

## Subtitle 17 — Affordable Housing Land Trusts

### Chapter 01 — Registration

**Authority:** Tax Property Article, §2-201; Real Property Article, §14-503; Annotated Code of Maryland

**Administrative History:** Effective date: January 24, 2011 (38:2 Md. R. 85)

#### Regulation .01 Definitions.

*COMAR 18.17.01.01*

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

  (1) “Affordable housing land trust” has the meaning stated in Real Property Article, §14-501(b), Annotated Code of Maryland.

  (2) “Department” has the meaning stated in Real Property Article, §14-503(a), Annotated Code of Maryland.

  (3) “Register” means to submit to the Department a completed registration form as prescribed by the Department.

  (4) “Resident agent” has the meaning stated in Corporations and Associations Article, §1-101(s), Annotated Code of Maryland.

#### Regulation .03 Name Requirements.

*COMAR 18.17.01.03*

The name of an affordable housing land trust must:

A. Include the words “Affordable Housing Land Trust”; and

B. Comply with Corporations and Associations Article, §1-504, Annotated Code of Maryland, and COMAR 18.04.02.

#### Regulation .04 Resident Agent Requirement.

*COMAR 18.17.01.04*

An affordable housing land trust shall designate a resident agent and the street address of that resident agent at the time of registration.

#### Regulation .05 Change of Resident Agent.

*COMAR 18.17.01.05*

An affordable housing land trust may change its resident agent by filing with the Department a statement that authorizes the change.

#### Regulation .06 Change of Resident Agent’s Address.

*COMAR 18.17.01.06*

The resident agent of an affordable housing land trust may change the resident agent’s address by filing a statement with the Department:

A. Signed by the resident agent or on behalf of the resident agent; and

B. Including:

  (1) The names of the affordable housing land trust for which the change is effective;

  (2) The resident agent's old and new addresses; and

  (3) The date on which the change is effective.

#### Regulation .07 Effective Date.

*COMAR 18.17.01.07*

The change of resident agent or change of the resident agent’s address is effective when the Department accepts the statement for record.

#### Regulation .08 Service of Process.

*COMAR 18.17.01.08*

Service of process on a resident agent designated by an affordable housing land trust is as effective as if served on one of its trustees.

#### Regulation .09 Reporting Status.

*COMAR 18.17.01.09*

A nonprofit organization operating an affordable housing land trust that gives up or loses its nonprofit status or ceases to exist shall promptly report this information to the Department.