Maryland Code, AGRICULTURE 2-504
Terms Used In Maryland Code, AGRICULTURE 2-504
- Bequest: Property gifted by will.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- gift: includes an inter vivos gift, inter vivos endowment, bequest, devise, legacy, or testamentary endowment of any interest in real or personal property. See
- Personal property: All property that is not real property.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) To sue and be sued in contractual matters in its own name;
(2) To enter into contracts generally and to execute all instruments necessary or appropriate to carry out its purposes;
(3) To acquire, by gift, purchase, devise, bequest or grant, easements in gross or other rights to restrict the use of agricultural land and woodland as may be designated to maintain the character of the land as agricultural land or woodland;
(4) To acquire and hold, by gift, purchase, devise, bequest or grant, real and personal property, or any interest therein, to carry out the legislative intent of preserving prime agricultural land and woodland and conserving, improving, administering, investing, or disposing of any property to further the purposes of the Critical Farms Program under this subtitle;
(5) To adopt, with the approval of the Secretary, regulations and procedures necessary to implement the provisions of this subtitle; and
(6) To promote the dissemination of information to farmers throughout the State concerning the activities of the Foundation.